Question

Doug's house was listed for $635,000. The property eventually sold for $615,000. The agreed upon commission was 5%. How much did Doug pay in commissions at the closing of the property...?

Answer 1

Answer:

$30,750

Explanation:

Calculation for How much did Doug pay in commissions at the closing of the property

Using this formula

Amount of Commission paid=Property sales amount×Commission percentage

Let plug in the formula

Amount of Commission paid=$615,000×5%

Amount of Commission paid=$30,750

Therefore the amount that Doug pay in commissions at the closing of the property will be $30,750