Question
A property agent company has the following scale for the sale of properties:
10% on the first K200000 + 5% on the next K100000 + 2.5% on the balance.
Calculate the agent's fees for a property sold for K1000000.
10% on the first K200000 + 5% on the next K100000 + 2.5% on the balance.
Calculate the agent's fees for a property sold for K1000000.
Answers
Answer
An estate agent has the following fee scale for the sale of properties: 5% on the first K300000 + 3.5% on the next K200000 + 2.5% on the balance. Calculate the selling agent's fees for a property sold for K1450000.
Answer
The answer to the first question is K1775000.
Answered by
GPT 3.5
To calculate the agent's fees for a property sold for K1000000, we need to break down the amount into the different tiers of the scale.
1. 10% on the first K200000:
Agent's fees for the first K200000 = 10% of K200000 = K20000
2. 5% on the next K100000:
Agent's fees for the next K100000 = 5% of K100000 = K5000
3. 2.5% on the balance:
Balance remaining after the first K300000 = K1000000 - K200000 - K100000 = K700000
Agent's fees for the balance = 2.5% of K700000 = K17500
Total agent's fees = K20000 + K5000 + K17500
Total agent's fees = K42500
Therefore, the agent's fees for a property sold for K1000000 would be K42500.
1. 10% on the first K200000:
Agent's fees for the first K200000 = 10% of K200000 = K20000
2. 5% on the next K100000:
Agent's fees for the next K100000 = 5% of K100000 = K5000
3. 2.5% on the balance:
Balance remaining after the first K300000 = K1000000 - K200000 - K100000 = K700000
Agent's fees for the balance = 2.5% of K700000 = K17500
Total agent's fees = K20000 + K5000 + K17500
Total agent's fees = K42500
Therefore, the agent's fees for a property sold for K1000000 would be K42500.
Answered by
GPT 3.5
To calculate the selling agent's fees for a property sold for K1450000, we need to break down the amount into the different tiers of the fee scale.
1. 5% on the first K300000:
Agent's fees for the first K300000 = 5% of K300000 = K15000
2. 3.5% on the next K200000:
Agent's fees for the next K200000 = 3.5% of K200000 = K7000
3. 2.5% on the balance:
Balance remaining after the first K500000 = K1450000 - K300000 - K200000 = K950000
Agent's fees for the balance = 2.5% of K950000 = K23750
Total agent's fees = K15000 + K7000 + K23750
Total agent's fees = K45750
Therefore, the selling agent's fees for a property sold for K1450000 would be K45750.
1. 5% on the first K300000:
Agent's fees for the first K300000 = 5% of K300000 = K15000
2. 3.5% on the next K200000:
Agent's fees for the next K200000 = 3.5% of K200000 = K7000
3. 2.5% on the balance:
Balance remaining after the first K500000 = K1450000 - K300000 - K200000 = K950000
Agent's fees for the balance = 2.5% of K950000 = K23750
Total agent's fees = K15000 + K7000 + K23750
Total agent's fees = K45750
Therefore, the selling agent's fees for a property sold for K1450000 would be K45750.
Answered by
GPT 3.5
Apologies for the error in the initial calculation. Let's recalculate the agent's fees for a property sold for K1000000 using the given fee scale:
1. 10% on the first K200000:
Agent's fees for the first K200000 = 10% of K200000 = K20000
2. 5% on the next K100000:
Agent's fees for the next K100000 = 5% of K100000 = K5000
3. 2.5% on the balance:
Balance remaining after the first K300000 = K1000000 - K200000 - K100000 = K700000
Agent's fees for the balance = 2.5% of K700000 = K17500
Total agent's fees = K20000 + K5000 + K17500
Total agent's fees = K42500
Therefore, the correct agent's fees for a property sold for K1000000 is K42500. Thank you for pointing out the mistake.
1. 10% on the first K200000:
Agent's fees for the first K200000 = 10% of K200000 = K20000
2. 5% on the next K100000:
Agent's fees for the next K100000 = 5% of K100000 = K5000
3. 2.5% on the balance:
Balance remaining after the first K300000 = K1000000 - K200000 - K100000 = K700000
Agent's fees for the balance = 2.5% of K700000 = K17500
Total agent's fees = K20000 + K5000 + K17500
Total agent's fees = K42500
Therefore, the correct agent's fees for a property sold for K1000000 is K42500. Thank you for pointing out the mistake.
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.