Final answer:
To calculate John's commission from the $250,000 property sale, we need to determine the amount he earns based on each commission rate and then sum them up to find the total commission. which is the total commission that John earned: $37,500. The correct answer is option A
Step-by-step explanation:
John's commission from the $250,000 property sale:
To calculate John's commission, we need to determine the amount he earns based on each commission rate and then select the correct option from the given choices.
Option B: John's commission on a 5% commission rate is $250,000 * 0.05 = $12,500.
Option C: John's commission on a 3% commission rate is $250,000 * 0.03 = $7,500.
Option D: John's commission on a 7% commission rate is $250,000 * 0.07 = $17,500.
Therefore, the correct answer is option A, which is the total commission that John earned, and that would be the sum of the commissions earned based on each rate:
Total commission = $12,500 + $7,500 + $17,500 = $37,500.
Therefore, John would earn a commission of $12,500 at a 5% rate, $7,500 at a 3% rate, and $17,500 at a 7% rate from the $250,000 property sale.