Ask Question
BusinessBusiness
16 March, 20:56

A real estate agent is paid $200.00 a month salary and a 2 ½ % commission on everything sold over $150,000 in one year. If the agent makes $22,000 one year. How much did the agent sell?

+3
Answers (1)
  1. 16 March, 22:33
    0
    Agent's Sale for the month is $1,022,000

    Explanation:

    The payment has fixed portion of $200 and Variable portion of commission 2.5% on sales value over $150,000.

    Total payment for the month = $22,000

    Variable portion of Sale = $22,000 - $200 = $21,800

    $21,800 is associated with the 2.5% of commission on sale over $150,000

    Sales over $150,000 = $21,800 / 2.5% =

    Total Sales = $150,000 + 872,000 = $1,022,000
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A real estate agent is paid $200.00 a month salary and a 2 ½ % commission on everything sold over $150,000 in one year. If the agent makes ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Kilbuck Company operates in a lean manufacturing environment. Kilbuck applies conversion costs at a rate of $25 per unit. Kilbuck produced 12,000 units during May.
Answers (2)
Which of the following statements is correct? a. In order to calculate the inflation rate for the year 2011, we need to know the values of the consumer price index for the years 2009, 2010, and 2011. b.
Answers (1)
Everything else held constant, a balanced budget increase in government spending (that is, an increase in government spending that is matched by an identical increase in net taxes) will A) increase aggregate demand, but not by as much as if just
Answers (1)
A stock-split journal entry would include?
Answers (2)
Sacha purchased land in 2010 for $35,000 that she held as a capital asset. This year, she contributed the land to the Boy Scouts of America (a charitable organization) for use as a site for a summer camp.
Answers (1)
New Questions in Business
A website with no spelling mistakes, recent updates, and an author who isn't an expert on the subject is probably okay to use as a source.
Answers (1)
Secular inflation in the United States since 1960 has been most likely be the result of persistent leftward shifts of the aggregate demand curve. persistent rightward shifts of the long-run aggregate supply curve.
Answers (1)
Which of the following roles require publicly-traded companies to have an internal audit function? A) The New York Stock Exchange (NYSE) B) The Internal Revenue Service (IRS) C) The stockholdersD) The Board of Directors
Answers (1)
Which of the following is an example of self-interest that attempts to promote the public interest? A mother prevents her children from becoming vaccinated against measles, mumps, and rubella because of fears of autism.
Answers (1)
Employers may require job candidates take a personality test to make sure they are the right fit for their company. true or false
Answers (1)
Home » Business » A real estate agent is paid $200.00 a month salary and a 2 ½ % commission on everything sold over $150,000 in one year. If the agent makes $22,000 one year. How much did the agent sell?
Sign Up Forgot Password?