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Q&A #842


Commission earnings

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From: Marielouise (for Teacher2Teacher Service)
Date: Nov 24, 1998 at 21:07:23
Subject: Re: Commission earnings

I do not know the text "Mathematics for a Modern World." Nor do I know the
ideas that are presented. However, consider the following:

1. Have the students call a realty agent and ask the realtor how the
commission is paid on the sale of a house. What is the range of percentages?
Does the seller pay the entire commission? Does the realty agent get the
full commission? How much of the commission goes to the Multiple Listing
Service? How much of the commission goes to the realty office?

2. Call a broker in a securities company such as Prudential Securities or
Smith Barney. Ask how commissions are determined with the selling and
buying of stock?  How much is assessed on the sale? How much does the broker
earn on the account? How much of the commission go to the office?

3. Call a travel agent in a travel agency and ask about commission on sale
of airline tickets. Is the percentage the based on the amount of the ticket?
Is the percentage the same for domestic as well as international tickets?
How is a commission computed on a cruise that is booked by the agent? Is
there any commission paid by car companies or by hotel?

4.  Call a ticket broker such as Ticketmaster and ask about fees. Is the fee
based on the price of the ticket, on the number of ticket, or on the type of
ticket?

I think that you should have your students do some leg work on their own.
This exercise would involve writing, reading the phone book and making the
calls. Students should write out all of the questions that they wished
answered. Perhaps, they should work in pairs or for a group. Have them work
up the answers into a report. From the reports you could then make up
questions or the students could make up questions for the class.

I hope that this has helped you.

Good hunting!
 -Marielouise, for the Teacher2Teacher service

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