Question

Please help me with this question. The answer is $745,000 but I need working out.

Answer 1

Answer:

745,000

Step-by-step explanation:

200,000x.03= 6000

150,000x.025=3,750

Commission.    2,350

total.                12,100

total fees.            20,000

less above.           12,100

=.remaining fees    7,900

divide by .02(2% commission)

=remaining sales price 395,000

tier 1 200000

tier 2 150000

tier 3 395,000 (calculated above)

=.       745,000 sales price