If your monthly salary is $1,200 and you earned a total of $6,300 in salary and commission, how much value did the properties sold amount to if commissions accounted for the remaining amount?

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To determine how much value the properties sold amounted to based on the given information, the first step is to figure out the total amount earned in commission. Since the total earnings (salary plus commission) are $6,300, and the salary is $1,200, you can calculate the commission by subtracting the salary from the total earnings.

Total Commission = Total Salary and Commission - Salary

Total Commission = $6,300 - $1,200

Total Commission = $5,100

Next, to find out how much value the properties sold amount to based on the commissions earned, it's important to consider the commission rate typically applied in real estate sales. For instance, if we assume that the commission rate is 3% (which is a common percentage), we can set up the equation to find the total property sale value.

Let’s denote the total value of properties sold as X. If 3% of X equals the total commission:

0.03 * X = $5,100

To find X, divide both sides of the equation by 0.03:

X = $5,100 / 0.03

X = $170,000

In this case, the calculations don't align with the answer selected

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