Question

Randall is a real estate agent. His earnings are based on a graduated commission. He receives 4% on any sale up to 100,000 and 6% for any amount over the $100,000. Last saturday he sold a house for $109,000. How much did he make selling the house?

Answer 1

Answer:

Randall make $4,540 in commission selling the house

Step-by-step explanation:

we know that

Last saturday Randall sold a house for $109,000

so

1) He receives 4% on any sale up to 100,000

$4\%=4/100=0.04$

Multiply $100,000 by 0.04

$100,000(0.04)=\ 4,000$

2) He receives 6% for any amount over the $100,000

so

$\ 109,000-\ 100,000=\ 9,000$

$6\%=6/100=0.06$

Multiply $9,000 by 0.06

$\ 9,000(0.06)=\ 540$

Sum the two amounts

$\ 4,000+\ 540=\ 4,540$

therefore

Randall make $4,540 in commission selling the house