Answer:
The commision earned for the broker will be of 4,860 dollars
Explanation:
<em><u>First, we solve for the selling price</u></em>
the property sold at 4% less that is
87,500 x (1 - 0.04) = 84,000
<em><u>Now we calculate the commision </u></em>
the commision is 7% on the first 50,000 and the n 4% for the rest:
50,000 x 7% = 3,500
(84,000 - 50,000) x 4% = 1,360
total commision 3,500 + 1,360 = 4,860