Question

A real estate aqent earns a commission on a house she sells. Her first commission is 5% on the first 500,000 of the sale price of the house. She then earns a 6% comission for the amount sbove 500,000 of the sale price of the house. How much commission did the agent earn if she sold the house for 585,000?

Answer 1

the agent earned $30,100 in commission.

you first have to break up the number 585,000 into 500,000 and 85,000.

next, you find the commission on the first $500,000. 5% of 500,000 is 25,000.

after finding the commission for the first 500,000, you need to find the commission to the $85,000 dollars we still have.

6% of $85,000 is $5,100.

$25,000 + $5,100 = $30,100 in commission. hope this helps !