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Randall is a real estate agent. His earnings are based on a graduated commission. He receives 4% on any sale up to 100,000 and 6% for any amount over the $100,000. Last saturday he sold a house for $109,000. How much did he make selling the house?

Verified Answer :

Answer:

Randall make $4,540 in commission selling the house

Step-by-step explanation:

we know that

Last saturday Randall sold a house for $109,000

so

1) He receives 4% on any sale up to 100,000

\(4\%=4/100=0.04\)

Multiply $100,000 by 0.04

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2) He receives 6% for any amount over the $100,000

so

\(\$109,000-\$100,000=\$9,000\)

\(6\%=6/100=0.06\)

Multiply $9,000 by 0.06

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Sum the two amounts

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therefore

Randall make $4,540 in commission selling the house

Answer:

The correct answer is $4,540

Step-by-step explanation: