Concept explainers
To find: the range over which agent’s commission varies and the variation of commission as a percent of selling price.
Answer to Problem 111AYU
The agent gets commission ranging from
Explanation of Solution
Given information:
The commission schedule is
Calculation:
Calculate minimum commission.
Assume
Calculate the value of
The minimum percentage the real estate agent gets is
Calculate maximum commission.
Assume
Calculate the value of
The maximum percentage the real estate agent gets is
Therefore, the agent gets commission ranging from
Chapter A Solutions
Precalculus
Additional Math Textbook Solutions
University Calculus: Early Transcendentals (4th Edition)
Calculus, Single Variable: Early Transcendentals (3rd Edition)
Calculus & Its Applications (14th Edition)
Calculus: Early Transcendentals (3rd Edition)
Thomas' Calculus: Early Transcendentals (14th Edition)
Precalculus: Concepts Through Functions, A Unit Circle Approach to Trigonometry (4th Edition)
- Calculus: Early TranscendentalsCalculusISBN:9781285741550Author:James StewartPublisher:Cengage LearningThomas' Calculus (14th Edition)CalculusISBN:9780134438986Author:Joel R. Hass, Christopher E. Heil, Maurice D. WeirPublisher:PEARSONCalculus: Early Transcendentals (3rd Edition)CalculusISBN:9780134763644Author:William L. Briggs, Lyle Cochran, Bernard Gillett, Eric SchulzPublisher:PEARSON
- Calculus: Early TranscendentalsCalculusISBN:9781319050740Author:Jon Rogawski, Colin Adams, Robert FranzosaPublisher:W. H. FreemanCalculus: Early Transcendental FunctionsCalculusISBN:9781337552516Author:Ron Larson, Bruce H. EdwardsPublisher:Cengage Learning