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26 June, 08:33

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?

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  1. 26 June, 08:59
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    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
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