Question

An estate agent is paid a retainer of $150 per week plus a commission on sales. The rate of
commission is 2.5's on sales up to $150000 and 1.75% on amounts above that. How much
would she earn in a week if she sold a house for $220000 and an apartment for $125000

Answer 1

Answer:$8250

Step-by-step explanation:

Answer 2

The amount she earn in a week is $7125 if she sold a home for $220,000 and a apartment for $125,000.

Given that,

A $150 weekly retainer and a commission on sales are given to estate agents. On sales up to $150000, the commission rate is 2.5 percent, and on sums higher than that, it is 1.75%. Suppose she sold a home for $220,000 and a flat for $125,000.

We have to find how much money would she make in a week.

We know that,

A $150 weekly retainer and a commission on sales are given to estate agents.

On sales up to $150000, the commission rate is 2.5 percent, and on sums higher, it is 1.75 percent.

If a home is sold for $220,000 and a flat is sold for $125,000, we must determine her income.

The rate of commission for a house = 1.75% of 220000

= $\frac{1.75}{100}\times 220000$

= $3850

The rate of commission for an apartment = 2.5%×125000

= $\frac{2.5}{100}$× 125000

= $3125

Total earning = $150 + $3850 + $3125

= $7125

Therefore, The amount she earn in a week is $7125.

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