Boone Cummings
02/16/2024 · Junior High School
Questıon 1 (b points) A real estate broker sold your house for \( \$ 72,000 \). The broker's commission was \( 6 \% \) of the selling price. How much would you get for the house after the commission is paid? A) \( \$ 76,320 \) B) \( \$ 67,680 \) C) \( \$ 70,800 \) D) \( \$ 73,200 \)
UpStudy ThothAI Solution
Tutor-Verified Answer
Step-by-step Solution
To find out how much you would get for the house after the broker's commission is paid, we first need to calculate the commission amount.
1. Calculate the commission:
\[
\text{Commission} = \text{Selling Price} \times \text{Commission Rate}
\]
\[
\text{Commission} = 72,000 \times 0.06 = 4,320
\]
2. Subtract the commission from the selling price to find out how much you will receive:
\[
\text{Amount Received} = \text{Selling Price} - \text{Commission}
\]
\[
\text{Amount Received} = 72,000 - 4,320 = 67,680
\]
Therefore, the amount you would get for the house after the commission is paid is \( \$ 67,680 \).
The correct answer is **B) \( \$ 67,680 \)**.
Quick Answer
The amount you would get after the commission is \( \$ 67,680 \).
Therefore, the correct answer is B. \( \$ 67,680 \).
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