SOLUTION: Century 21 sold a house for $256,000. The commission is based on the "sliding" scale below:
6% on the first $100,000
plus 5% on $101,000t
Algebra.Com
Question 596246: Century 21 sold a house for $256,000. The commission is based on the "sliding" scale below:
6% on the first $100,000
plus 5% on $101,000to $200,00
plus 6% on anything over $200,000
How much commission did Century 21 make?
Found 2 solutions by jim_thompson5910, stanbon:
Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!
6% on the first $100,000 ----> 0.06*100,000 = $6,000
plus 5% on $101,000to $200,00 ---> 0.05 * (200,000 - 101,000) = $4,950
plus 6% on anything over $200,000 ---> 0.06*(256,000 - 200,000) = $3,360
Add up the individual results: $6,000 + $4,950 + $3,360 = $14,310
So the total commission Century 21 made was $14,310
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Century 21 sold a house for $256,000. The commission is based on the "sliding" scale below:
6% on the first $100,000 = $6000
plus 5% on $101,000to $200,00 = 5000
plus 6% on anything over $200,000 = 0.06*56000 = $3360
How much commission did Century 21 make?
---
Commission = 6000+5000+3360 = $14,360
========================================
Cheers,
Stan H.
RELATED QUESTIONS
Mary is a sales representative for a food company. Over the last month, she closed... (answered by Theo)
Lee company pays its employees on a graduated commission scale: 6% on the first $40,000... (answered by mananth)
Julio is paid on a graduated commission scale of 5% on the first $20 000 of sales in a... (answered by mananth)
Chloe has been offered positions by two car dealers. The first company pays a salary of... (answered by Theo)
the salary received by a sales person is ₱1,000.00 per week plus a 5% commission on all (answered by Theo)
H. LTD consolidated financial statement on 31 December 2020 was as follows;
Credit sales (answered by ikleyn)
Translate to a system of equations and solve.
Maxim has been offered positions by two... (answered by Boreal)
A variable commission scale is normally based on:
1. gross sales
2. A different... (answered by Mathtut)
A variable commission scale is normally based on:
1. gross sales
2. A different... (answered by Mathtut)