Answer:
Option B $325 would be correct answer.
Step-by-step explanation:
Frank gets commission on any time-share sale up to $10,000 = 3%
and for any amount over $10,000 = 5%
Last Saturday he sold a time-share for $10,500.
as per given commission rates he gets 3% commission on 10,000
= 3% of 10,000 = 0.03 × 10,000 = $300
on the rest amount (10,500 - 10,000 = $500) he gets 5% commission.
= 5% of 500 = 0.05 × 500 = $25.00
Total commission he made, selling the time-shares $300 + $25 = $325
