Real Estate Math
A broker sold a property for $525,000 and received a 5.5% commission. The broker splits 50% with the cooperating broker, who then pays their salesperson 60%. How much does the cooperating salesperson earn?
A$8,662.50✓ Correct
B$7,218.75
C$14,437.50
D$4,331.25
Explanation
Total commission = $525,000 × 5.5% = $28,875.
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