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Citrus2011 [14]
2 years ago
15

A broker was paid a commission of 6% of the first $120,000 of a sale price and 4% of all over $120,000. What would the sale pric

e be if the total commission was $9,000?
Business
1 answer:
sergey [27]2 years ago
8 0

The sale price be if the total commission was $9,000 would be $165000.

<h3><u>What is commission?</u></h3>
  • A type of variable-pay compensation for goods or services sold are commissions.
  • Salespeople are frequently encouraged and rewarded with commissions.
  • Additionally, commissions can be created to promote particular sales habits.
  • For instance, commissions may be decreased while providing significant discounts.
  • Or commissions might be raised when promoting particular goods that the company wishes to sell.
  • The framework of a sales incentive programme, which may comprise one or more commission plans, is where commissions are normally administered (each typically based on a combination of territory, position, or products).
  • As a strategy for businesses to try to realign employee interests with those of the company, payments are sometimes calculated as a proportion of revenue.

The broker's 6% commission came to $7,200 (.06 x $120,000). Subtracted from the total commission of $9,000, it leaves an additional balance of $1,800.

Since that portion was paid at the rate of 4%, dividing $1,800 by .04 yields the home's second cost component of $45,000. Add that to $120,000 and the home's total selling price was $165,000.

Know more about commission with the help of the given link:

brainly.com/question/20987196

#SPJ4

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those making more than $200,000 are the primary beneficiaries of the home mortgage interest deduction.
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4 0
1 year ago
Pedregon Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.95 Direct labor
Paraphin [41]

Answer:

The correct answer is $27,675.

Explanation:

According to the scenario, the given data are as follows:

Variable manufacturing OH = $1.75

Fixed manufacturing OH = $19,800

Units = 4,500 units

So, we can calculate the total amount of manufacturing overhead cost by using following formula:

Total manufacturing OH = Total variable OH + Total fixed OH

Where, Total variable OH = $1.75 × 4,500 = $7,875

By putting the value, we get

Total Manufacturing OH = $7,875 + $19,800

= $27,675

7 0
3 years ago
The Arkansas Company makes and sells a product called Product K. Each unit of Product K sells for $39 dollars and has a unit var
ioda

Answer:

$36,020.40

Explanation:

The computation of cash balance is shown below:-

Excess of cash receipts over disbursement = Beginning cash balance + Cash receipts - Cash disbursement

= $64,500 + $1,302,200 - $1,310,000

= $1,366,700 - $1,310,000

= $56,700

Interest = X × 0.02

Cash balance at end = Excess of cash receipts over disbursement + Borrowing - Interest

$92,000 = $56,700 + X - 0.02x

$92,000 - $56,700 = 0.98x

X = $35,300 ÷ 0.98

= $36,020.40

7 0
3 years ago
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