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A house sells for $280,000. The commission check to the broker is $16,800. What percentage did the broker receive?

Correct Answer

C) 6.00%

Commission Rate = $16,800 ÷ $280,000 = 0.06 = 6%

Answer Options
A
5.00%
B
5.50%
C
6.00%
D
16.67%
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Related Topics & Key Terms

Related Topics:

commission-splitsnet-proceeds-calculationlisting-agreement-commission

Key Terms:

commission ratesales pricebroker compensationpercentage calculationcommission formula
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