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14 May 2017, 01:06
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A certain realtor earns a 6 percent commission on any home that he sells, and he must pay 20 percent of the that commission in taxes. If the realtor sells a home for $750,000, how much commission does he earn after taxes?
A) $9,000
B) $18,000
C) $36,000
D) $37,500
E) $45,000
A) $9,000
B) $18,000
C) $36,000
D) $37,500
E) $45,000
14 May 2017, 01:24
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Vyshak
A certain realtor earns a 6 percent commission on any home that he sells, and he must pay 20 percent of the that commission in taxes. If the realtor sells a home for $750,000, how much commission does he earn after taxes?
A) $9,000
B) $18,000
C) $36,000
D) $37,500
E) $45,000
A) $9,000
B) $18,000
C) $36,000
D) $37,500
E) $45,000
\(\$750,000*\frac{6}{100}*\frac{80}{100} = 75*6*8 = \$36,000\).
Answer: C.
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14 May 2017, 03:33
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A certain realtor earns a 6 percent commission on any home that he sells, and he must pay 20 percent of the that commission in taxes. If the realtor sells a home for $750,000, how much commission does he earn after taxes?
Realtor sells home for $750,000
Earns 6% commission = 6% of 750,000 = \(\frac{6}{100}\) x 750000 = 45000
Taxes on commission is 20% = 20% of 45000 = \(\frac{20}{100}\) x 45000 = 9000
Therefore commission he earns after taxes = 45000 - 9000 = $36000 ............. Answer C ....
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Realtor sells home for $750,000
Earns 6% commission = 6% of 750,000 = \(\frac{6}{100}\) x 750000 = 45000
Taxes on commission is 20% = 20% of 45000 = \(\frac{20}{100}\) x 45000 = 9000
Therefore commission he earns after taxes = 45000 - 9000 = $36000 ............. Answer C ....
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