A real estate agent earned $4800commission on a property sale of $240 comma 000. What is her rate of commission?

Her rate of commission is 2 percent

Explanation:

Commission = $4800

Sale of property = $240,000

Rate of commission = (Commission / Sale Of Property) * 100

Rate of commission = $ 4800 / $ 240,000 * 100

Rate of commission = 0.02 * 100

Rate of commission = 2%

The above solution can be checked by putting in the values of percent and commission

(Check)

2% of $ 240,000

= (2/100) * $ 240,000

= 2 * $2400

= $ 4800

Thus 2 percent of $ 240,00 is equal to $ 4800