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alisha [4.7K]
3 years ago
15

A property sold for $198,000 with a listing commission of 8%. The selling office is to receive 40% of the total commission. How

much will the listing salesperson receive if she is paid 60% of the amount retained by the listing broker?
Business
1 answer:
Ivan3 years ago
3 0

Answer:

$5,702.4

Explanation:

A property is sold for $198,000 with a listing commission of 8%

The selling office is to receive 40%

The first step is to calculate the total commission

= $198,00×8/100

= $198,000×0.08

= $15,840

Listing brokers commission

=$15,840×60/100

= $15,840×0.6

= 9,504

Therefore, the amount of listing that will be received by the sales person can be calculated as follows

= 9,504×60/100

= 9,504×0.6

= $5,702.4

Hence the salesperson will receive a listing of $5,702.4

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