Math Is Fun Forum
  Discussion about math, puzzles, games and fun.   Useful symbols: ÷ × ½ √ ∞ ≠ ≤ ≥ ≈ ⇒ ± ∈ Δ θ ∴ ∑ ∫ • π ƒ -¹ ² ³ °

You are not logged in.

#1 2005-11-12 10:36:26

sorcha
Guest

percent

hello i am really stuck on this question any ideas?

An estate agent makes the following charge for sale of a house.

up to 50,000= 3% of the sale price
over 50,000= 3% of first price £50,000 plus 2% on the remainder.

calculate the charge made by the estate agent for a house  solid for £89,000

#2 2005-11-12 10:48:06

mathsyperson
Moderator
Registered: 2005-06-22
Posts: 4,900

Re: percent

The house is sold for more than £50,000, so the second price is used.

For the first £50,000, the agent charges 3% and 3% of £50,000 is £1,500.

There is still £89,000 - £50,000 = £39,000 left to deal with.
The agent charges 2% on this and 2% of £39,000 is £780.

Therefore, the agent charges £1,500 + £780 = £2,280 in total.


Why did the vector cross the road?
It wanted to be normal.

Offline

Board footer

Powered by FluxBB