At a real estate agency, an agent sold a house for $311,000. the commission rate is 4.5% for the real estate agency and the commission rate for the agent is 30% 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

In this problem, we know that:

So the questions are two.

Let's name:

We can compute the commission rate of the agency as follows:

The commission rate for the agent is 30% of the amount the real estate agency gets, so:

Therefore, The total amount of money the agency gets is:

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Finally, to sum up:

Q1. How much did the agency make on the house?

The agency makes $9796.5

Q2. How much did the agent earn in commission?

The agent earns in commission $4198.5

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step-by-step explanation: