Frank is a time-share broker. His earnings are based on a graduated commission. He received 3% on any time-share sale up to $10000 and 5% for any amount over the $10000.last Saturday he sold a time-share for 10500.how much did he make selling the Tim-share. A) $370 B) $325 c) $500 b)$350
Question
Answer:
he gets 3% up to 10,000 and 5% over 10,000
10500 - 10000 = 500
10000 * 0.03 = 300
500 * 0.05 = 25
300 + 25 = 325 total
The correct answer is B
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10 months ago
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