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Percentages, SM-Bank 083

Jock is a real estate agent who is paid 2.5% commission on all house sales.

Last month he sold houses to the value of \($2.5\ \text{million}\).

How much pay did Jock receive in the form of commission last month?  (2 marks)

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\($62\ 500\)

Show Worked Solution
\(\text{Commission}\) \(= 2.5\text{%}\times 2\ 500\ 000\)
  \(=\dfrac{25}{1000}\times 2\ 500\ 000\)
  \(=$62\ 500\)

  
\(\therefore\ \text{Jock earned }$62\ 500\ \text{in commission.}\)