How much would the salesperson be paid

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Reference no: EM131928145

Question: 1) Salespeople in a realty agency are compensated based on this formula: 35% of the commission earned on any sale, less a $200 per-transaction desk rental. Salespeople are responsible for paying 75% of all marketing and sales expenses for any property they list, and a $75 per-transaction fee to cover the monthly expenses of advertising and marketing the agency's services. If a salesperson sold a house for $500,000, with a 6% commission, how much would the salesperson be paid if the sale incurred $800 in marketing and advertising costs?

2) At a realty agency, salespeople pay a monthly desk rent of 15% of their monthly income. In May, one salesperson receives 5% on a $560,000 sale; 6% on a $348,000 sale; and 6.75% on an $89,500 sale. The only other salesperson at the agency who received a commission in May got 6% on a $410,000 sale. How much did the agency receive in May?

Reference no: EM131928145

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