Question

A real estate agent receives a salary of $13,000 plus 4% of her total sales for the year. What will her pay be if she sells $822,000 worth of real estate for the year?

A) $16,288

B) $341,800

C) $52,280

D) $45,880

Answer 1

The real estate agent's total yearly pay is calculated by adding her fixed salary ($13,000) to her commission, which is 4% of her total sales ($822,000). After calculations, her pay amounts to $45,880 for the year.

Step-by-step explanation:

The question asks us to calculate the total pay of a real estate agent who receives a fixed salary plus a commission on their sales. Her fixed salary is $13,000, and her commission is 4% of her total sales.

First, calculate her commission from the sales:

• Total sales = $822,000
• Commission rate = 4% of total sales
• Commission = 4% of $822,000 = 0.04 × $822,000 = $32,880

Next, add her fixed salary to the commission:

Fixed salary = $13,000Total pay = Fixed salary + Commission = $13,000 + $32,880 = $45,880

Therefore, the real estate agent's total pay for the year is $45,880, which corresponds to option D.