SOLUTION: A real estate agent agrees to sell an apartment complex according to the following commission schedule: $45,000 plus 25% of the selling price in excess of $900,000. Assuming that t

Question 1208891: A real estate agent agrees to sell an apartment complex according to the following commission schedule: $45,000 plus 25% of the selling price in excess of $900,000. Assuming that the complex will sell at some price between $900,000 and $1,100,000 inclusive, over what range does the agent’s commission vary? How does the commission vary as a percent of the selling price?
Answer by KMST(5328) (Show Source): You can put this solution on YOUR website!
If the complex sells at $900,000 the commission will be $45,000, which relative to the selling price is
.
For every $1 above $900,000 the agent gets paid 25% of that $1, $0.25, making t percentage increase continuously up to the maximum percentage for a selling price of $1,100,000.
If the complex sells at $1,100,000 the commission will be
, which relative to the selling price is

The agent’s commission varies from to as a percent of the selling price?
RELATED QUESTIONS
A real estate agent agrees to sell a large apartment complex according to the following... (answered by josmiceli)

A real estate agent charges $125 to place a rental listing plus 12.5% of the yearly rent. (answered by math_tutor2020)

A farmer wants to sell his small farm to a real estate agent. Determine the total amount... (answered by CPhill,ikleyn)

A real estate agent received a 5% commission on the sale of a home. If her commission was (answered by Maths68)

Danny wants to sell his house. He would like to receive $136,000 after deducting the 6%... (answered by scott8148)

Jamie sold her house for x dollars. The real estate agent received a 5% commission and... (answered by josmiceli)

A real estate agent makes $18,000. Her commission is 3%. How many homes must she sell to... (answered by josmiceli)

An apartment owner earned 114,600 USD on the sale of his apartment after paying a 4.5%... (answered by macston)

A real estate sales agent recieves a salary of $275 per week plus a commission of 1.5% of (answered by rfer)