Write the Word or Phrase That Best Completes Each Statement

question 311

Multiple Choice

Write the word or phrase that best completes each statement or answers the question.
Solve the problem.
-A real estate agent agrees to sell an office building according to the following commission schedule:$27,000 plus 20% of the selling price in excess of $900,000. Assuming that the office building will sell atsome price between $900,000 and $1,000,000, inclusive, over what range does the agentʹs commission vary?

• A)The commission will vary between $27,000 and $47,000, inclusive.
• B)The commission will vary between $28,000 and$47,000, inclusive.
• C)The commission will vary between $27,000 and $217,000, inclusive.
• D)The commission will vary between $207,000 and $227,000, inclusive.

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Definitions:

Change-of-Base Formula

A mathematical rule used to change the base of a logarithm to another base.

Calculator

A calculator is an electronic device or software used for performing mathematical calculations.

Evaluate

To calculate or ascertain the numerical value or result of an expression or function.

Properties

The fundamental rules and characteristics that define mathematical operations, such as commutative, associative, and distributive properties.