A real estate agent earned $5,600 commission on a property sale of $280,000. What is her rate of commission

Question

A real estate agent earned $5,600 commission on a property sale of $280,000. What is her rate of commission

Answer 1

If we were to set up an equation, we know that $5600 is a certain percentage of her sales. Let's say I make a 5% commission and I sell $3000. Then my commission is 3000(0.05) = $150 in commission, right?

Let r = the rate, as a decimal

280,000r = 5600

r = 5600/280,000

Remember to move the decimal right two places to get the percentage (like 0.05 = 5% above).

Answer 2

5600 / 280000= ?