A residence originally listed at $92,000 sold for 7% less than that. If the listing broker gets half of the 6% sales commission and he gives his salesperson 60% of that, how much does the listing salesperson receive? (rounded to the nearest dollar)

Question

Quizplus · Accepted Answer

Selling price is 92,000 - (92,000x.07)= 85,560;85,560 × .06 = 5,133.60;5,133.60 × .50 = 2,566.80;2,566.80 × .60 = 1,540.08 rounded to 1,540.

A Residence Originally Listed at $92,000 Sold for 7% Less