Question

property was listed at $155,000. an offer was made for $140,000 which the seller rejected, but countered for $147,500, which the seller accepted. the commission rate is 5% and the salesperson is to receive 60% of the commission on the sale. what is the commission due the salesperson? select one: a. $4,650. b. $4,425. c. $4,200. d. $2,950.

Answer 1

The property was listed at $155,000. an offer was made for $140,000 which the seller rejected, but countered for $147,500, which the seller accepted. the commission rate is 5% and the salesperson is to receive 60% of the commission on the sale. the commission of the salesperson is $4,425.

Income fee rates range from five percent to as a good deal as 50%, but most corporations pay among 20-30%. To locate the proper suit that aligns together with your sales goals, start by means of estimating how awful a lot it would price to rent humans under specific sales fee systems each for a complete-time team of workers and independent contractors. it could be calculated with the following equation fee = total sales fee rate. So if a sales clerk sells a total of $2,000 of product and gets 5% in commission, they make a hundred dollars.

One of the simplest and maximum normally used sales fee systems is variable pay as a percent of a single sale's revenue. underneath this incentive shape, reps earn a flat percent for every sale. for instance, consider your agency selling a product for one lakh dollars with a fee charge of five percent. In an instant fee plan, the simplest earnings income representatives earn comes directly from their sales.

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