A math question... realtor related help

[rei101]

Ok, is very simple but my calculations are always wrong so I wonder, here is it.

A rental lease is $14,500 a year plus 3% on top of the whole sales beyond $340,000. If the whole sale was $440,00 (<--I just corrected this number). ¿How much would be the total rent to be paid this year?

Ok, I took the 3% of the 340,000 and added to 14,500 = 27,000 But that answer is wrong. And I can't not match any of the answers.

The options given are:
A $17,500
B $21,500
C $14,500
D $12,000

 

[rdowns]

I think you posted incorrect numbers. Did you mean whole sales are 400,000? If so, the answer is A.

Using your numbers, the answer is $17,620

444,000 - 340,000 = 104,000

104,000 x 3% = 3,120

14,500 + 3,120 = 17,620

 

[Meister]

I think you posted incorrect numbers. Did you mean whole sales are 400,000? If so, the answer is A.

Using your numbers, the answer is $17,620

444,000 - 340,000 = 104,000

104,000 x 3% = 3,120

14,500 + 3,120 = 17,620

I agree. According to the OPs post this is the correct answer.

 

[mobilehaathi]

Ok, is very simple but my calculations are always wrong so I wonder, here is it.

A rental lease is $14,500 a year plus 3% on top of the whole sales beyond $340,000. If the whole sale was 4440,00. ¿How much would be the total rent to be paid this year?

Ok, I took the 3% of the 340,000 and added to 14,500 = 27,000 But that answer is wrong. And I can't not match any of the answers.

The options given are:
A $17,500
B $21,500
C $14,500
D $12,000

Beyond, man. Beyond $340,000.

 

[rei101]

Beyond, man. Beyond $340,000.

Grrrr... you are right, the percentage is based on the difference, I was doing it based on the entire thing.

Thank you.

----------

I think you posted incorrect numbers. Did you mean whole sales are 400,000? If so, the answer is A.

Using your numbers, the answer is $17,620

444,000 - 340,000 = 104,000

104,000 x 3% = 3,120

14,500 + 3,120 = 17,620

Thank you =)

 

[Huntn]

Im not clear on how does a rental lease at $14500 for a year turn into $44000 or $440000?