Real Estate Math
An Arizona broker has gross commission income of $480,000. They pay $192,000 to agents as commission splits. What percentage of gross income did agents receive?
A30%
B40%✓ Correct
C50%
D60%
Explanation
$192,000 ÷ $480,000 = 0.40 = 40%. Using the values given ($480,000, $192,000), apply the appropriate formula.. The correct answer is 40%.. This is a common calculation on the Arizona real estate exam.
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