An agent contracted by Peter sold a piece of land for Ksh 500,000.The agent was paid commission on the sales made as follows:
-10% on the first Ksh 200,000
-5% on the next Ksh 150,000
-1% on the balance of sales
Determine the:
Amount received by Peter for the piece of land (3 marks)
1 answer
0.10 * 200,000 + 0.05 * 150,000 + 0.01 * 150,000 = _____