Basic College Mathematics (10th Edition)

Published by Pearson
ISBN 10:
ISBN 13:

Chapter 6 - Percent - 6.6 Solving Application Problems with Percent - 6.6 Exercises - Page 442: 50

Answer

The association gets $10,416.

Work Step by Step

The realtor's commission rate is 6%. $c=0.06\times8,680,000=520,800$ The association fee is 2% of the commissions. $f=0.02\times520,8000=10,416$
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