Answer to Question #292017 in Economics for Bea

Question

Johannes sells his 2-bedroom apartment for R920 000. The total commission is 8.4% of the selling price of which the sales agent receives 3 quarters and the rest will be used to pay the transfer fee. The sales agent receives [1] R52 142.86 [2] R57 960 [3] R19 320 [4] R77 280

Answer 1

The sales agent receives:

920 000×0.084×0.75 = R57 960.

So, the correct answer is [2].