Question

A real estate agent's base salary is 22,000 per year. The agent earns a 4% comission on total sales. How much must the agent sell to earn 60,000 in one year

Answer 1

Answer: 950,000

Explanation:

base salary is 22,000

Target 60,000

60,000-22,000 =38,000 which is 4%

So 38,000/4 = 9,500 which is 1%

So 9,500 * 100 = 950,000 which is 100% total sale

So commission of 4% on 950,000 is 38,000

Therefore 38,000 + 22,000 = 60,000