Answer:
$12,775
Step-by-step explanation:
To solve this problem, we need to find how much 7% of $182,500 is. To do that, we can multiply $182,500 by 7%.
The first step is to change 7% into its decimal form.
7% -> [tex]\frac{7}{100}[/tex] -> [tex]0.07[/tex]
The next step is to multiply 182,500 and 0.07. The work is shown below:
[tex]x=182,500(0.07)[/tex]
[tex]x=12,775[/tex]
The real estate agent makes $12,775 from the commission.
