Question

Mr. Makgato sells his car for R42,000.00. The total commission is 7.2% of the selling price, of which the broker receives 2 thirds and the salesperson receives the rest. How much does the broker receive?

a. R90,720

b. R20,160

c. R15,120

d. R10,080

Answer 1

The broker receives R2,016.00 from the sale of Mr. Makgato's car, which is 2 thirds of the total 7.2% commission on the selling price of R42,000.00.

Step-by-step explanation:

Regarding the question: 'How much does the broker receive from the sale of Mr. Makgato's car if the total commission is 7.2% of the selling price, of which the broker receives 2 thirds?', let's perform the calculation.

First, calculate the total commission on the selling price of R42,000.00.

Total Commission = Selling Price × Commission Rate = R42,000.00 × 7.2% = R42,000.00 × 0.072 = R3,024.00

Next, determine the broker's share, which is 2 thirds of the total commission.

Broker's Share = (2/3) × Total Commission = (2/3) × R3,024.00 = R2,016.00

Therefore, the broker receives R2,016.00, which corresponds to option b. R20,160 with a typo in the thousand's place.