contestada

Mr. Smith sells houses. He earns 6% for every house he sells.Last week, he's sold a house for $175,000. How much commission did he earn? If he has an $11,000 balance on his credit card, will this be enough to pay it off?

Respuesta :

Answer:

Commission earned = $10,500

This would not be sufficient to pay his credit card bill completely.

Step-by-step explanation:

Value of the house sold by Mr. Smith last week = $175,000

Commission earned by Mr. Smith for the transaction = 6%

Calculating the commission amount earned by him = [tex]\[\frac{6}{100}*175000\] [/tex]

=$10,500

Balance outstanding on his credit card = $11,000

Hence the commission amount would not be sufficient to pay his credit card balance off completely. He will be short by $500.

Otras preguntas