A real estate agent agrees to sell an apartment complex according to the following commission schedule: $45,000
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A real estate agent agrees to sell an apartment complex according to the following commission schedule: $45,000 plus 25% of the selling price in excess of $900,000. Assuming that the complex will sell at some price between $900,000 and $1,100,000, inclusive, over what range does the agent’s commission vary? How does the commission vary as a percent of selling price?
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Let P represent the selling price and C represent the commission Calculating the commission C 4500...View the full answer
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