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Finance 21 Online
1223:

The Chen family sold its house through a real estate agent for $330,000. If the real estate agent gets a 4.5% commission, how much did the Chen family have to pay her?

Mercury:

she's paid on commission, which means her pay is calculated as a percentage of the house price in this case, her rate is 4.5% and the house costs $330,000 therefore, simply calculate 4.5% of 330,000 (or alternatively, (4.5/100) * 330,000)

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