Me. holtsclaw sells his home for $240,000 he must pay the real estate agents a 5% commission. how much is the commission?

Holtsclaw sells his home for $240,000 he must pay the real estate agents a 5% commission and the commission paid is $ 12000.

Solution:

Given  that Me. Holtsclaw sells his home for $240,000 he must pay the real estate agents a 5% commission

Amount Sold = $240,000

Percentage rate = 5%

We can find the commission paid by following the below steps

5% =  5/100 =0.05

Using the below formulae

Commission paid = Amount Sold × Percentage rate

= 240000 × 0.05

=12000

Therefore the commission paid to real estate agent is $ 12000.