A real estate agent's commission for selling houses is 2% for the first $800 000 of the sale price and 1.5% for any amount over $800 000.
Calculate the commission earned in selling a house for $1 500 000. (2 marks)
Financial Maths, STD2 F1 2008 HSC 24a
Bob is employed as a salesman. He is offered two methods of calculating his income.
Bob’s research determines that the average sales total per employee per month is $15 670.
- Based on his research, how much could Bob expect to earn in a year if he were to choose Method 1? (2 marks)
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- If Bob were to choose a method of payment based on the average sales figures, state which method he should choose in order to earn the greater income. Justify your answer with appropriate calculations. (3 marks)
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