Respuesta :
Answer:
Linda's share was $ 1933.75
Step-by-step explanation:
We first need to calculate the comission that was paid to the other real state firm wich is 7% of the sales price, so we can use the following equation:
Comission = 85000 * (7/100) = 85000*0.07 = 5950 $
Since this comission was split in half between Johnson's broker and the other broker we have 5950/2 = 2975 for each of them. From that value 65% should stay with the broker wich is Linda in this case so:
Linda's share = 2975*(65/100) = 2975*(0.65) = 1933.75 $.
Given Information:
Sale Amount = $85,000
Commission rate = 7%
Linda Johnson commission rate = 65% of 50% of commission amount
Required Information:
Linda Johnson share in the sale = ?
Answer:
Linda Johnson share in the sale = $1933.75
Step-by-step explanation:
Linda Johnson share in the sale is
Linda's share = 65% of 50% of commission amount
Where commission amount is
commission amount = 7% of sale amount
commission amount = 0.07*85,000
commission amount = $5,950
Linda's share = 0.65*0.50*5,950
Linda's share = $1933.75
