1) The commision a realtor recieves on the sale of a house is 7% of the sale price. The owners expected to sell the house for $120,000. They ended up selling it for $112,000. How much less commission did the realtor earn than expected?
2007-01-30 13:04:36 · 22 answers · asked by Priscilla 3 in Education & Reference ➔ Primary & Secondary Education
first, work out the top part - what is 7% of $120 000? (120 000 minus 7% = 8 400. for bonus points: 1% of 120 000 is 1 200, times 7 is 8 400).
then work out 7% of $112 000 (112000 minus 7% = 7840 bonus points: 1% of 112 000 is 1120, times 7 is 7840)
subtract answer 1 from answer 2 and bingo! there's the difference!
double bonus: work out the realtor's percentage loss: the answer divided by 8400. don't forget to put a "%" behind the answer. its something in the order of 10 to 25%. you're gunna have to do SOME work here!
hehe...wish i had a marvellous device like Yahoo Answers (and the gullible but friendly adults who post answers!!!) to do MY homework for me when I was a kid!!!
good luck!
love and light,
jarrah
2007-01-30 13:21:36 · answer #1 · answered by jarrah_fortytwo 3 · 0⤊ 0⤋
If the realtor expected to collect 7% of $120,000 but instead of that she received only 7% of $112,000, then her actual commission was $560 less than expected. $8,000 @ 7% = $560.
2007-01-30 13:10:42 · answer #2 · answered by stefanocurione 2 · 0⤊ 0⤋
Find 7% of $120,000 and 7% of $112,000. Subtract the amount of 112 from the amount of 120.
7% of 120,000 = 8400
7% of 112,000 = 7840
Difference of 560 missed commision
2007-01-30 13:09:44 · answer #3 · answered by Michael D 2 · 0⤊ 0⤋
You take 7% of $120,000 and subtract 7% of $112,000. That equals the difference between what he expected and what he actually earned.
2007-01-30 13:12:27 · answer #4 · answered by steelyvan1 2 · 0⤊ 0⤋
This one is pretty simple. You can check to see what he would have gotten if he had sold the house for $120,000 (multiply 0.07 times 120,000) and then subtract from that number what he ended up getting selling the house for $112,000 (multiply 0.07 times 112,000)
It looks like this:
(120,000 * 0.07) - (112,000 * 0.07) = 8,400 - 7840 = 560
He lost out on $560.00. Big loss!
You could also figure it by checking (0.07) (120,000 - 112,000). That would calculate 7% of the difference.
2007-01-30 13:10:35 · answer #5 · answered by Jeremy E 2 · 0⤊ 0⤋
120,000 x .07 = 7% of 120,000.
112,000 x .07 = 7% of 112,000.
Then subtract 7% of 112,000 from the 7% or 120,000.
2007-01-30 13:13:39 · answer #6 · answered by Logan 2 · 0⤊ 0⤋
1. put the 7% over 100% and the 112,000 over 120,000
2. cross multilpy
3. divide
4. then subtract that answer from $120,000
2007-01-30 13:13:35 · answer #7 · answered by Anonymous · 0⤊ 0⤋
$120,000 x .07 = A
$112,000 x .07 = B
A - B = Difference in commision.
2007-01-30 13:09:02 · answer #8 · answered by up y 3 · 0⤊ 0⤋
Get 7% of 120,000 then get 7% of 112,000, then you subtract the second number from the first, then you will have what the loss.
thats how you do it....goood luck
2007-01-30 13:11:39 · answer #9 · answered by Jack P 3 · 0⤊ 0⤋
first you would have to find out how much commision he would have made at $120,000 the find the actual amount he made in commision at $112,000. then you have to find the difference between the two of them.
2007-01-30 13:10:53 · answer #10 · answered by Anonymous · 0⤊ 0⤋