A real estate agent's commission for selling houses is 2% for the first $800 000 of the sale price and 1.5% for any amount over $800 000.
Calculate the commission earned in selling a house for $1 500 000. (2 marks)
Financial Maths, STD2 F1 2006 HSC 5 MC
A salesman earns $200 per week plus $40 commission for each item he sells.
How many items does he need to sell to earn a total of $2640 in two weeks?
- 33
- 56
- 61
- 66
Financial Maths, STD2 F1 2004 HSC 4 MC
A real estate agent sells a house for `$400\ 000`. From the selling price he earns `$10\ 000`
for his services.
Which term is used to describe the money he earns?
- Commission
- Income tax
- Royalty
- Superannuation
Financial Maths, STD2 F1 2008 HSC 24a
Bob is employed as a salesman. He is offered two methods of calculating his income.
\begin{array} {|l|}
\hline
\rule{0pt}{2.5ex}\text{Method 1: Commission only of 13% on all sales}\rule[-1ex]{0pt}{0pt} \\
\hline
\rule{0pt}{2.5ex}\text{Method 2: \$350 per week plus a commission of 4.5% on all sales}\rule[-1ex]{0pt}{0pt} \\
\hline
\end{array}
Bob’s research determines that the average sales total per employee per month is $15 670.
- Based on his research, how much could Bob expect to earn in a year if he were to choose Method 1? (2 marks)
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- If Bob were to choose a method of payment based on the average sales figures, state which method he should choose in order to earn the greater income. Justify your answer with appropriate calculations. (3 marks)
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Financial Maths, STD2 F1 2014 HSC 13 MC
Jane sells jewellery. Her commission is based on a sliding scale of 6% on the first $2000 of her sales, 3.5% on the next $1000, and 2% thereafter.
What is Jane’s commission when her total sales are $5670?
- $188.40
- $208.40
- $321.85
- $652.05