Havel signed a listing agreement with a real estate agent. The commission rate is 4% on the first $200,000 of the selling price, and 2.5% on the remainder. a) What commission will Havel pay if he sells his home for $289,000? b) What is the average commission rate on the selling price?

Elementary Geometry for College Students
6th Edition
ISBN:9781285195698
Author:Daniel C. Alexander, Geralyn M. Koeberlein
Publisher:Daniel C. Alexander, Geralyn M. Koeberlein
Chapter8: Areas Of Polygons And Circles
Section8.CR: Review Exercises
Problem 40CR
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Havel signed a listing agreement with a real estate agent. The commission rate is 4% on the first $200,000 of the selling price, and 2.5% on the remainder.

  1. a) What commission will Havel pay if he sells his home for $289,000?
  2. b) What is the average commission rate on the selling price?
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