Question

A parcel of vacant land, which is 80 feet wide on the street side of the property and 200 feet deep, is sold for $200 per front foot. How much money would a salesperson receive for her 60% share in the 10% commission?

A)
$640
B)
$2,400
C)
$960
D)
$1,600

Answer 1

To calculate the salesperson's share in the 10% commission, multiply the total commission amount by 60%. In this case, the salesperson would receive $960 for her share. The correct option is: C) $960

Step-by-step explanation:

To find out how much money the salesperson would receive for her 60% share in the 10% commission, we first need to calculate the total commission amount and then determine 60% of that amount.

Given that the vacant land is 80 feet wide and is sold for $200 per front foot, the total width is 80 feet and the total cost is 80 x $200 = $16,000.

Now, to calculate the total commission amount, we need to multiply the total cost by the commission rate of 10%, which gives us $16,000 x 0.10 = $1,600.

Finally, to find out how much money the salesperson would receive for her 60% share, we need to multiply the total commission amount by 60%, which gives us $1,600 x 0.60 = $960.

The salesperson would receive $960 for her 60% share in the 10% commission.