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Rosie is a real estate agent and is paid the following for commission on sales: 4% for the first $50,000, 2% for the next $100,000 and then 1.5% thereafter. What is Rosie’s commission if she sells a property for $130,000

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Irving Heathcote
Irving HeathcoteLv2
9 Mar 2019

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cant seem to get the correct answer I know the steps on this worded problem I am working on. What I am in need of if the steps so far are right or wrong in solving it.  it is in two parts. Heres the problem

2. Maria Rios sells commercial restaurant supplies and equipment. She is paid on a commission-only basis. Shereceives 2% for her sales up to $60,000. For the next $90,000 of sales, she is paid 3%, and for any sales above$150,000 she is paid 4%. How much commission would Maria earn in a month when her sales were$195,000?

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Stan is a real estate salesperson. He receives 60% of the 5.5% commission that the real estate agency charges on sales. If his income for the past year was $173,910, what was the dollar value of his sales for the year? (Do not round intermediate calculations. Round your answer to the nearest whole dollar.)

  1. Mark has to figure out values for his business since he needs profits.



a. The regular selling price of a product is $109. The markup rate on selling price is 18% and the operating expenses are 4% on cost. If, during a sale, the product was discounted by 10%, calculate the profit or loss realized.

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c. If US$1 = C$1.2145, and if the bank in Canada charges 1.5% commission to buy or sell currencies, how many CAD will you receive if you sell US$4,000?



d. The cost of a pump is $1,200. The overhead expenses are 9% of the cost the required profit is 12% of the selling price. Calculate the selling price of the pump.
e. If you sell products for $40 per unit, which have variable costs of $25 per unit, what fixed costs can ensure that you will break even by selling 1,000 units?

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