A math question... realtor related help

rei101

macrumors 6502a
Original poster
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
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
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
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
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

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