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?
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
Related questions
Question
100%
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?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Recommended textbooks for you
Elementary Geometry for College Students
Geometry
ISBN:
9781285195698
Author:
Daniel C. Alexander, Geralyn M. Koeberlein
Publisher:
Cengage Learning
Elementary Geometry For College Students, 7e
Geometry
ISBN:
9781337614085
Author:
Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:
Cengage,
Elementary Geometry for College Students
Geometry
ISBN:
9781285195698
Author:
Daniel C. Alexander, Geralyn M. Koeberlein
Publisher:
Cengage Learning
Elementary Geometry For College Students, 7e
Geometry
ISBN:
9781337614085
Author:
Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:
Cengage,