salepeerson based on total comm. paid to broker. S/P receives 30%first 2500, 40%between 2500&7500, &50%any amount exceeding 7500. If the property sells for 234,500.00and the broker comm rate is 6.5 % what is the salesperson's compensation total .
2007-07-28 10:48:17 · 2 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
$234,500.00 X 0.065=$15,242.50
#1. 30% of the first $2,500.00=$750.00
#2. 40% of $7,500.00 =$3,750.00
Subtract those two from $15,242.50=balance
#3. The balance @ 50%=
Add #1 + #2 + #3 =
2007-07-28 11:08:25 · answer #1 · answered by ed 7 · 0⤊ 0⤋
The total commission paid to the salesperson would be $6621.25.
Total commission to broker $15,242.50
750x30%=750
7500-2500=5000. 5000x40%=2000
15,242.50-7500=7742.50x50%=3871.25
3871.25=2000=750=6621.25
2007-07-28 11:09:02 · answer #2 · answered by A V A T A R 3 · 0⤊ 0⤋