Asked by Kawan Kehal on May 07, 2024
Verified
Stan is a real estate salesperson. He receives 60% of the 4.8% commission that the real estate agency charges on sales. If his income for the past year was $150,480, what was his dollar volume of sales for the year?
Real Estate Salesperson
A licensed individual who is authorized to conduct real estate transactions on behalf of sellers or buyers.
Dollar Volume
The total value of a particular financial transaction or set of transactions measured in dollars.
- Comprehend the procedure for computing commissions derived from sales achievements and exceeding objectives.
Verified Answer
LI
Learning Objectives
- Comprehend the procedure for computing commissions derived from sales achievements and exceeding objectives.