A home listed with ABC Realty sold for $168,500. If the closing costs were $3,825 and the commission was $11,795, what was the rate of commission?
(a) 7.16%
(b) 7%
(c) 6.80%
(d) 7.25%
Answer: (b) 7%
Business
(a) 7.16%
(b) 7%
(c) 6.80%
(d) 7.25%
Answer: (b) 7%