Answer to Question #298666 in Economics for PHUMELELA

Question

Johannes sells his 2 bedrooms apartment for R920000. The total commission is 8,4% of the selling price of which the sales agent receives 3 quarters and the rest will be used to pay the transfer fee. The sales agent receives:

(1) R52 142.86

(2) R57 960

(3) R19 320

(4) R77 280

Answer 1

The sales agent receives:

$920,000×0.084×3/4 = R 57,960.$

So, the correct answer is (2).