A property dealer charges a commission of 2% on the first $ 25000 and 1. 5% on the the remainder .what Commission does he charge for selling a plot of land for $ 130000?
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your answer is here
Step-by-step explanation:
total commission=500rs+1575rs i.e.2075rs .
We know that he charges 2% for the first 25000. 2% of 25000 is 500. He then charges 1.5% of the remainder. I can then subtract 25000 from 130000 which will give me 105000. Hence, 105000 is the remainder, and 1.5% of it will be 1575. I can now add 500 to 1575, which will make 2075.
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