Answer:
6.5%
Step-by-step explanation:
We know that a man sold his house for $125,000 and received $116,875 after paying the broker his commission.
We need to find the percentage of the broker's commission.
[tex] 125000 - 116875 = 8125 [/tex]
Calculating this amount as the percentage of the total amount to find the broker's commission percentage.
[tex] \frac { 8125 } { 125000 } \times 100 [/tex]
[tex] 0.065 \times 100 [/tex]
6.5%
