Real Estate Math
A salesperson earns 3% on the first $200,000 of the sale price and 2.5% on amounts above $200,000. If the property sold for $380,000, what is the salesperson's commission?
A$10,500✓ Correct
B$11,400
C$10,000
D$9,500
Explanation
First $200,000: $200,000 × 3% = $6,000. Remaining $180,000: $180,000 × 2.
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