A real estate office pays its salespeople a weekly retainer of $220 plus a commission of 2.5% for the first $200 000 of the

Question

A real estate office pays its salespeople a weekly retainer of $220 plus a commission of 2.5% for the first $200 000 of the value of each property sold and 2% of each amount after that. Calculate the commission received if a house is sold for $540,000.

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