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18 March, 12:16

A property agent charges a commission of 5% on the first $5000 and 2.25% on the remaining selling price of a property. Given that the agent sells a property for $240000, find the amount if commission he receives.

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  1. 18 March, 12:36
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    So 5% of $5,000 = $250.00

    $240,000-$5,000 = $235,000

    So $235,000+2.25% = $5875.00

    So $5875.00+$250.00=$6,125

    He recieves $6,125.00 in commissions.
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