Question

Rosie is a real estate agent and is paid the following for commission on sales: 4% for the first $50,000, 2% for the next $100,000 and 1.5% thereafter. What is Rosie’s commission if she sells a property for $130,000?

Answer 1

Answer:

22,000

Step-by-step explanation:

4%/100=0.04        

0.04*50,000=20,000         || 130,000-50,000=80,000 ||

2%/100=0.02

0.02*100,000= 2,000        || 80,000 - 100,000 ||

To explain it simply, Rosie receives 20,000 in commission for the first 50,000 of the sale. However, she sold a property for 130,000 meaning she also receives 2,000 for the next 100,000. Therefore she receives $22,000 in total on her $130,000 sale.