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Gladys sells another broker's $300,000 listing for $290,000 at a commission rate of 6%. She has a 60% commission split with her broker. If there is also a 50% brokerage split, what commission will Gladys receive?

Respuesta :

Answer:

$5,220

Explanation:

Given:

Amount of sales = $290,000

Commission rate = 6%

Gladys's Split commission rate = 60%

Another brokerage split rate = 50%

Computation of Gladys's commission:

Amount of total commission = Amount x commission rate

= $290,000 x 6%

= $17,400

Gladys's Split commission(before split) = Commission x Split rate

= $17,400 x 60%

= $10,400

Gladys's Split commission(after split) = Gladys's Split commission(before split) x new Split rate

= $10,400 x 50%

= $5,220

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