math problem help please?

Discussion in 'General' started by sleepingpeople, Jan 8, 2010.

  1. #1 sleepingpeople, Jan 8, 2010
    Okay heres a math problem which is unrelated to school
    but i need help solving today.

    heres the numbers i have:

    10% profit must be made of the TOTAL.

    average commission from house sale is 5290$

    the office side/portion of that commission is 1375$

    The offices expenses are 37700.

    HOW MANY HOUSES MUST BE SOLD


    ..
    please feel free to ask for more info and i will try and oblige. This is for my friends business and he is trying to work some numbers TODAY. Thanks for the help!!!
     
  2. #2 Bobs16, Jan 8, 2010
    What does the bold part mean?
     
  3. #3 sleepingpeople, Jan 8, 2010
    of every house that is sold that average comission is 5290$

    so in turn the office gets 1375 of that on average or 26%.

    giving the office 1375 to use towards its needed money for expenses and the 10% profit of the total.

    This leaves the agent with the rest of 76% of the total.
     
  4. #4 sleepingpeople, Jan 8, 2010
    this is the amount needed to break even by the way

    122110$
     
  5. #5 trappedpenguin7, Jan 8, 2010
    How many houses must be sold in order for what?

    Unless I'm confused, which I don't think I am because this seems simple, you didn't say how many houses must be sold in order for what?
     
  6. #6 Bobs16, Jan 8, 2010
    Assuming all they ever get is $1,375 of the commission they will have to sell ~30 houses to make around $41k. Leaving the agent with $117,450 salary. Assuming agent only makes $3,915 from the commission. This is simple math so I am not sure you worded it correctly or not.
     
  7. #7 Pola Bear, Jan 8, 2010
    WTF this is like from pre-algebra or Algebra I.
     
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