Clarence louis sells commercial real estate he earns 2% commission on the first $25,000 4 percent on the next $25,000 at 8% on sales over $50,000 last month he sold $118,000 in commercial real estate what was the total commission

The total commission earned by Clarence Louis is $8940

Solution:

Given that  

Clarence Louis sells commercial real state

He earns 2% commission on first $25000

4% commission on second $25000

And 8% commission on sales over $50000

His sell for last month in commercial real state is $118000.

Need to calculate commission on sale of  $ 118000.

$118000 = 25000 + 25000 + 93000

Commission on first 25000 is given as:

Commission on second 25000 is given as:

Commission on remaining amount 93000 is given as:

Total commission = 500 + 1000 + 7440 = $8940  

Hence last month commission earned by Clarence Louis on sell of $118000 is $8940