16 — M
ORTGAGE
Q
UALIFIER
P
LUS
®
P
X2
BASIC ARITHMETIC EXAMPLES
Arithmetic
This calculator uses standard chaining logic, which simply means
that you enter your first value, the operator (
+
,
–
,
x
,
÷
), the sec-
ond value and then the equals sign (
=
).
A.
3 + 2 =
5.00
B.
3 – 2 =
1.00
C.
3 x 2 =
6.00
D.
3 ÷ 2 =
1.50
Percentage Calculations
The Percent
%
key can be used for finding a given percent of a
number or for working add-on, discount or division percentage calcu-
lations.
A.
8 0 0 x 2 5 % =
200.00
B.
2 5 0 + 1 0 % =
275.00
C.
2 5
– 5 0 % =
12.50
D.
2 0 0 ÷ 5 0 % =
400.00
The Percent
%
function is a key that has special applications for real
estate professionals — especially when figuring a commission
amount.
Figuring Straight % Commission
The commission for the listing office is 3%. If the property sells for
$259,650, what is the listing office’s commission?
STEPS
KEYSTROKES
DISPLAY
Clear calculator
o o
0.00
Enter sales price
2 5 9 6 5 0
259,650.
Multiply by commission %
x 3 % =
7,789.50
— DO NOT CLEAR CALCULATOR —
What if the listing agent works on a 50/50 split with his or her bro-
ker? What is the listing agent’s share of this commission?
STEPS
KEYSTROKES
DISPLAY
Multiply by 50 percent
x 5 0 % =
3,894.75
