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v1 Financial Maths, STD2 F1 2022 HSC 21

A real estate agent's commission for selling houses is 2% for the first $900 000 of the sale price and 1.5% for any amount over $900 000.

Calculate the commission earned in selling a house for $1 200 000.  (2 marks)

--- 5 WORK AREA LINES (style=lined) ---

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`$22\ 500`

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`text{Commission}` `=900\ 000 xx 2text{%} + (1\ 200\ 000-900\ 000) xx 1.5text{%}`
  `=900\ 000 xx 0.02 + 300\ 000 xx 0.015`
  `=18\ 000 + 4\ 500`
  `=$22\ 500`

Filed Under: Earning Money and Budgeting (Std 2-X) Tagged With: Band 3, num-title-ct-corea, num-title-qs-hsc, smc-4226-20-Commission, smc-810-20-Commission

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