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March 28, 2017

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A real estate agent to sell a large 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 selling price?

how to solve this?

  • Math - ,

    I don't know how to set this up.

  • Math - ,

    the equation.

    Info:
    45,000 + 0.25
    excess 900,000
    inclusive 900,000 to 1,100,000

  • Math - ,

    commission= 45,000+.25(Price-900,000)

    figure commission on price of 900,000, then commission on 1,100,000

    then figure percent:
    percent=commission/sellingprice x 100%

  • Math - ,

    so for the "price" I put in 900,000 and then 1,100,000?

  • Math - ,

    Also to find the percent

    the commission would be 45,000 and 95,000

    but, what would be the selling price ?

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