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julsineya [31]
3 years ago
7

frank is a time-share brokers. his earnings are based on a graduated commission. he receives 3% on any time-share sale up to $10

,000 and 5% for any amount over the $10,000. last saturday he sold a time-share for $10,500. how much did he make selling the time-share?
Mathematics
1 answer:
noname [10]3 years ago
7 0

Answer:

$325

Step-by-step explanation:

Time-share = $10 500

On first $10 000 ,

Commission at 3 % = 0.03 × 10 000 = $300

On remaining $500,

Commission at 5 % = 0.05 ×      500 = <u>    25 </u>

                             Total commission = $325

Frank made $325 selling the time-share.

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