Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller

Exercise 86

Facts:
• 1971: Founded in California
• 1977: Went Public
• 1984: Purchased by Metropolitan Life Insurance
• 2006: Offices and Listings in over 60 countries
Century 21 Real Estate Corporation franchises real estate offices. It has more than 8500 independently owned and operated offices, with locations in all 50 states and more than 60 countries. The firm's Web site, Century21.com, is the fifth most visited real estate Web site on the Internet.
Tom Dugally worked as an agent for Century 21 for several years before he received his broker's license. A few years later, he contacted Century 21 and they helped him set up his own real estate office under a Century 21 franchise. He uses percents on a daily basis to find real estate commissions, monitor costs, follow interest rates, estimate property taxes, and keep up with home prices.
The total real estate commissions paid to Dugally's real estate agency for the quarter were $237,075. If 65 of those funds are paid directly to the self-employed real estate agents that work in the office under Dugally, find the amount the real estate office keeps. He uses these funds to pay for office, computer, advertising expenses, unilities, etc.