To find out how much a real estate agent will get as commission, you need to multiply the sale price of the property by the commission rate.
The commission rate is 3%, it's representation in decimal form is 0.03. To get the commission, you would multiply the sale price by the commission rate in decimal form.
The commission would be: P 500,000 x 0.03 = P 15,000
So, the real estate agent will get P 15,000 as commission for selling a property for P 500 000 with a commission rate of 3%.
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Answer:
To find out how much a real estate agent will get as commission, you need to multiply the sale price of the property by the commission rate.
The commission rate is 3%, it's representation in decimal form is 0.03. To get the commission, you would multiply the sale price by the commission rate in decimal form.
The commission would be: P 500,000 x 0.03 = P 15,000
So, the real estate agent will get P 15,000 as commission for selling a property for P 500 000 with a commission rate of 3%.
Step-by-step explanation:
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