Real Estate Math
A broker earns a 6% commission. The commission is split equally between two offices. Each office then pays their agent 55%. If the sale price is $520,000, how much does each agent receive?
A$8,580✓ Correct
B$9,360
C$15,600
D$7,800
Explanation
Total commission = $520,000 × 6% = $31,200. Each office = $31,200 ÷ 2 = $15,600. Each agent = $15,600 × 55% = $8,580.
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