# A math question... realtor related help

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

1. 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

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.

444,000 - 340,000 = 104,000

104,000 x 3% = 3,120

14,500 + 3,120 = 17,620

3. ### Meister Suspended

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

4. ### mobilehaathi macrumors G3

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.

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Thank you =)

6. ### Huntn macrumors G5

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?