Math Problem Statement

A real estate broker charges a commission of 6% on Sales valued up to$300,000. For sales valued at more than$ 300,000, the commission is $ 6,000 plus 4% of the sales price. a. Represent the commission earned as a function R. b. Find R (200,000). c. Find R (500,000).

Solution

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Math Problem Analysis

Mathematical Concepts

Piecewise Functions
Linear Functions
Commission Calculation

Formulas

R(s) = 0.06s for s ≤ 300,000
R(s) = 6,000 + 0.04(s - 300,000) for s > 300,000

Theorems

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Suitable Grade Level

Grades 9-12