Share
Explore BrainMass

Total Sales in Real Estate

1) A real estate agent earns a 1.75% commission on the selling prices of a house. If the salesman earned $35,000 last year, what were his total sales for the year?

2) A real estate agent is paid a commission of one and three-quarter percent of the total value of the house which she sells each month. How much does she earn in a month when she sells 3 houses valued at $38,000 , $52,000 , and $47,000?

3) A man has found work sharpening saw blades. For each saw he sharpens up to 200 in a week he is paid 80 cents. For blades in excess of 200 in a week he is paid $1.25 each. His wages are docked 50 cents for each blade he ruins during the sharpening process. Find his gross wages for a week in which he correctly sharpens 312 blades and ruins 10.

Solution Preview

1) The total sales were:

Total Sales* 1.75%= 35000
Total Sales= 35000/ 1.75%= 2000000 or 2 Million ...

Solution Summary

A real estate agent earns a 1.75% commission on the selling prices of a house. If the salesman earned $35,000 last year, what were his total sales for the year?

$2.19