Mrs.Jones worked for a real estate agency. She sold a house for $175,000. The agency's fee for the sale was 4% of the sale price . Mrs.Hamilton recieved 35% of the AGENCY'S FEE as her commision. How much of the agency's fee did Mrs.Hamilton recieve?
Cost of the house sold by Mrs. Hamilton = $175000 Percentage of fee that the agency got from the sale = 4% Then Amount of fees that the agency got from the sale = (4/100) * 175000 dollars = 4 * 1750 dollars = 7000 dollars Percentage fees that Mrs hamilton got from the agency was 35% of the money that the agency made from the sale of the house. Then Amount of fees that Mrs.Hamilton got = (35/100) * 7000 dollars = 35 * 70 dollars = 2450 dollars From the above deduction we can conclude that Mrs.Hamilton got a fees of $2450.
