Answer:
The broker's commission was 6.5%
Step-by-step explanation:
Selling price - commission = net funds received. Leet c represent the commission rate as a decimal fraction:
$125,000 - $125,000c = $116,875
Solve for c. To do this, subtract $116,875 from both sides:
$8,125 = $125,000c. Then c = 0.065
The broker's commission was 6.5%
