Commission rate

George sold a house and lot worth Php 2,000,000.00. If the owner gave him Php 110,000.00 as a commission, what is the commission rate?

Correct answer:

p =  5.5 %

Step-by-step explanation:

h=2000000 c=110000  p=100 hc=100 2000000110000=2000000100 110000=200000011000000=211%=5.5%

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