An estate agency sells and rents out properties. Each property listed at the company has a property code and is assigned to an estate agent. The property code consists of 10 digits e.g. 1312122019. The first digit indicates whether the property is for sale (1) or available for renting (2). The second digit indicates whether it is a business property (> 2) or a residential property (<= 2). Properties that are for sale has a selling price while properties to be rented out has a rent amount (per month) and a value that indicates the duration of the contract (in number of months). Example data: Properties for sale Code Agent Selling price 1312122019 Matt 550000.00 1243022019 Lizzy 670000.00 Properties for rent Code Agent Rent pm Duration 2343052019 Julia 9500.00 12 2871112019 Dave 11000.00 6 The estate agency requires an application to do the following: • Calculate the total amount to be paid by either the buyer or the tenant. For properties that are for sale a tax amount is added to the selling price. The tax is calculated as follows: Less than R500000.00: no tax R500000.00 - R1000000.00: 10% of selling price More than R1000000.00: 15% of selling price If the property is rented out the total amount that the tenant has to pay is calculated by multiplying the monthly rent amount with the number of months that the property is to be rented. Calculate the commission earned. For properties sold the commission is calculated as a percentage of the total amount paid (including tax). The percentage earned as commission must be received as a parameter value. If the property is rented out the commission is calculated as a percentage (received as parameter) of monthly rent. If it is a business property a value of 2.5 is added to the percentage received as parameter.

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
5th Edition
ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Saeed Moaveni
Chapter15: Computational Engineering Tools Matlab
Section: Chapter Questions
Problem 19P
icon
Related questions
icon
Concept explainers
Question

An estate agency sells and rents out properties. Each property listed at the company has a property code and is assigned to an estate agent. The property code consists of 10 digits e.g. 1312122019. The first digit indicates whether the property is for sale (1) or available for renting (2). The second digit indicates whether it is a business property (> 2) or a residential property (<= 2). Properties that are for sale has a selling price while properties to be rented out has a rent amount (per month) and a value that indicates the duration of the contract (in number of months).

Example data:

Properties for sale

Code Agent Selling price

1312122019 Matt 550000.00

1243022019 Lizzy 670000.00

Properties for rent

Code Agent Rent pm Duration

2343052019 Julia 9500.00 12

2871112019 Dave 11000.00 6

The estate agency requires an application to do the following: • Calculate the total amount to be paid by either the buyer or the tenant. For properties that are for sale a tax amount is added to the selling price. The tax is calculated as follows: Less than R500000.00: no tax R500000.00 - R1000000.00: 10% of selling price More than R1000000.00: 15% of selling price If the property is rented out the total amount that the tenant has to pay is calculated by multiplying the monthly rent amount with the number of months that the property is to be rented.

Calculate the commission earned. For properties sold the commission is calculated as a percentage of the total amount paid (including tax). The percentage earned as commission must be received as a parameter value. If the property is rented out the commission is calculated as a percentage (received as parameter) of monthly rent. If it is a business property a value of 2.5 is added to the percentage received as parameter.

Expert Solution
steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Knowledge Booster
Electronic spreadsheet
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, civil-engineering and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Engineering Fundamentals: An Introduction to Engi…
Engineering Fundamentals: An Introduction to Engi…
Civil Engineering
ISBN:
9781305084766
Author:
Saeed Moaveni
Publisher:
Cengage Learning