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A real estate agent agrees to sell an apartment complex according to the following commission schedule: $50,000 plus 20% of the selling price in excess

A real estate agent agrees to sell an apartment complex according to the following commission schedule:

$50,000

plus

20%

of the selling price in excess of

$850,000.

Assuming that the complex will sell at some price between

$850,000

and

$1,100,000

inclusive, over what range does the agent's commission vary? How does the commission vary as a percent of selling price?

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