Mr sigh sells his house for R585000.the total commission is 6.5% of the selling price of which the broker receives three-quarters and the salesperson receives the rest .what does salesperson receive
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James am rondo gandi CNN Jamal nans Sk in BC fb th
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The salesperson would receive Rs 9506.25
It is given that, Mr Singh sells his house for Rs 5,85,000.
Out of this selling price, the total commission is 6.5%.
So, commission amount = 6.5% of the Selling Price
= 6.5% of Rs 585000
= Rs (6.5/100)*585000
= Rs 38025
This is the commission value.
Given that broker receives 3/4th of the commission and the rest is received by salesperson.
So, salesperson would receive 1-(3/4)th of the commission.
= 1/4th of Rs 38025
= Rs 9506.25
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