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#1 2005-11-13 09:36:26
- 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 2005-11-13 09:48:06
- mathsyperson
- Moderator
Offline
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.