Question

If licensee Sarah receives 35 percent of a total commission from her broker, then what is Sarah's broker's share if the property sold for $23,000, and the commission was on a 6% basis?

Answer 1

$897

Step-by-step explanation:

The cost price is $23,000

The commission is 6%

Total commissions paid = 6/100 x $23,000

=0.06 x $23,000

=$1,380

If Sarah receives 35 %, then the broker gets 65 % the commission.

65% of $ 1, 380

=65/100 x 1380

=.65 x 1380

=$897