Here's an easy one for you.
A real estate salesman receives a 5% commission for selling a house for $160,800.
How much does the salesman receive, and how much will the owner receive after the salesman is paid ?
Answers below the wildlife picture. Take your time.
A. The salesman will receive $8400 and the owner will receive $159,600.
To get the salesman's commission let's multply 5% or .05 times $168,000 to get a total of $8400.
To find out what the owner gets subtract the $8400 commission from the sale price of the home and we get $159,600.
Another way to get the amount due the owner is to multply $168,000 by .95 or 95% of the total sale amount.
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