The Broker/manager Receives 45% of the Commissions on All Sales

question 65

Multiple Choice

The broker/manager receives 45% of the commissions on all sales made through her office. What would she receive on monthly sales totaling $252,000 at an average 3.7% commission (rounded to the nearest dollar) ?

• A) $9,324
• B) $4,196
• C) $7,527
• D) $3,765

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Definitions:

United States

A country in North America comprising 50 states, known for its significant impact on global politics, economy, and culture.

Quartile

A statistical term describing a division of a data set into four defined intervals based upon the values of the data and how they compare to the entire set.

Annual Family Income

The total amount of money earned by all members of a family in one year, from all sources before taxes.

Income Quintile

A statistical measure dividing the population into five equal groups according to their income levels, to analyze economic inequality.