Knowee
Questions
Features
Study Tools

If I sell my house for $500,000 with the help of a realtor and they take a 10% fee for their work, how much money do I get?

Question

If I sell my house for $500,000 with the help of a realtor and they take a 10% fee for their work, how much money do I get?

🧐 Not the exact question you are looking for?Go ask a question

Solution

Step 1: Identify the realtor's fee. The realtor's fee is 10% of the selling price of the house.

Step 2: Calculate the amount of the realtor's fee. To do this, multiply the selling price of the house by the realtor's fee.

In this case, the selling price is $500,000 and the realtor's fee is 10% or 0.10 (in decimal form).

So, 500,000∗0.10=500,000 * 0.10 = 50,000.

This means the realtor's fee is $50,000.

Step 3: Subtract the realtor's fee from the selling price to find out how much money you get.

So, 500,000−500,000 - 50,000 = $450,000.

Therefore, you get $450,000 after selling your house and paying the realtor's fee.

This problem has been solved

Similar Questions

If I'm looking at buying a house for $450,000, and want my deposit to be 20%, how much do I need to have saved?

Liliana earns $475.00 a week plus 6% commission on her sales. What amount would she have to sell to earn $1248 a week?

Single choice10)What is the fair price of a lottery ticket that pays off $1,000 with a probability of 10% or zero with a probability of 90%?$100$900$500

John works in a commission only company. He sold items worth Php13,000 and he will get a 6% commission rate. How much did he earn?

For every item that Greaza sells, she will get a commission of 10%. She sold an item worth Php223,000. How much did she earn?

1/1

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.