At a real estate agency, an agent sold a house for $392 comma 000. the commission rate is 7.5% for the real estate agency and the commission rate for the agent is 20% of the amount the real estate agency gets. how much did the agency make on the house? how much did the agent earn in commission? the agency made $ nothing on the house.

Step-by-step explanation:

At a real estate agency, an agent sold a house for $392000.

The commission rate is 7.5% for the real estate agency. This means that the amount of money that the real estate agency earn would be

7.5/100 = 392000 = 0.075 × 392000 = $29400

the commission rate for the agent is 20% of the amount the real estate agency gets. This means that the amount that the agent would earn is 20/100 × 29400 = 0.2 × 29400 = $5880

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step-by-step explanation: