A-level Paper 1, June 2018Markets and Business Behaviour

A-level Paper 1, June 2018, Q3(a)

Assume the selling fee is 1.3%. Calculate the payment received by an estate agent on a property sold for £489 000. You are advised to show your working.

Short answerCalculate2 marks

Context

The average fee charged by high-street estate agents to homeowners for selling property is 1.3% of the final sale price.

Specification topics

Revenue

Revision notes

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