Answer
The association gets $10,416.
Work Step by Step
The realtor's commission rate is 6%.
$c=0.06\times8,680,000=520,800$
The association fee is 2% of the commissions.
$f=0.02\times520,8000=10,416$
Basic College Mathematics (10th Edition)
by Lial, Margaret L.; Salzman, Stanley A.; Hestwood, Diana L.
Published by
Pearson
ISBN 10:
0134467795
ISBN 13:
978-0-13446-779-5
Chapter 6 - Percent - 6.6 Solving Application Problems with Percent - 6.6 Exercises - Page 442: 50
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