Suppose a commercial real estate agent earns a 5 1/4% commission. What is the commission on the sale of a $570,000 office building? *

F. $30,780

G. $29,925

H. $108,571

J. $299,250

Answer: sales commission is $29,925

Step-by-step explanation:

Sales commission is said to be 5 1/4% of sales

Sales is given to be $570,000

From the information given, we convert 5 1/4% to proper fraction, then to decimal

5 1/4% = 21/4% = 5.25%

Therefore, 5.25% of $570,000

= 5.25/100 * 570,000

= 0.0525 x 570,000

= $29,925