A math question... realtor related help

Discussion in 'Community Discussion' started by rei101, Feb 28, 2015.

  1. rei101, Feb 28, 2015
    Last edited: Feb 28, 2015

    rei101 macrumors 6502a

    Joined:
    Dec 24, 2011
    #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
     
  2. rdowns macrumors Penryn

    rdowns

    Joined:
    Jul 11, 2003
    #2
    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
     
  3. Meister Suspended

    Meister

    Joined:
    Oct 10, 2013
    #3
    I agree. According to the OPs post this is the correct answer.
     
  4. mobilehaathi macrumors G3

    mobilehaathi

    Joined:
    Aug 19, 2008
    Location:
    The Anthropocene
    #4
    Beyond, man. Beyond $340,000.
     
  5. rei101 thread starter macrumors 6502a

    Joined:
    Dec 24, 2011
    #5
    Grrrr... you are right, the percentage is based on the difference, I was doing it based on the entire thing.

    Thank you.

    ----------

    Thank you =)
     
  6. Huntn macrumors G5

    Huntn

    Joined:
    May 5, 2008
    Location:
    The Misty Mountains
    #6
    Im not clear on how does a rental lease at $14500 for a year turn into $44000 or $440000?
     

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