A math question... realtor related help

rei101

macrumors 6502a
Original poster
Dec 24, 2011
972
1
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
 
Last edited:

rdowns

macrumors Penryn
Jul 11, 2003
27,345
12,408
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

Suspended
Oct 10, 2013
5,455
4,265
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

macrumors G3
Aug 19, 2008
9,344
6,213
The Anthropocene
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

macrumors 6502a
Original poster
Dec 24, 2011
972
1
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 =)