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Fudgin [204]
3 years ago
10

Karen made a commission of $3522.75 on the sale of a property. Splitter commission clear with her broker which is 50% to the bro

ker and 50% Karen. Broker took 55% of the total commission on a 7% commission rate. What was the sale price of the property?
Business
1 answer:
Mademuasel [1]3 years ago
4 0

<u>Answer:</u>

<em>$50,325 is the sale price of the property</em>

<u>Explanation:</u>

Karen made a commission of $3522.75 on the sale of a property. Splitter commission clear with her broker which is 50% to the broker and 50% Karen. Broker took 55% of the total commission on a 7% commission rate.

So not considering the commission for a while if we divide commission by the commission rate we will get the sale price.

                                    $3522.75/0.07= $50,325.

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