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?
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Commission = 6000+5000+3360 = $14,360
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Cheers,
Stan H.
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