Real Estate Math
A broker earns a 5% commission on a sale. If the total commission is $11,500, what was the sale price?
A$210,000
B$220,000
C$225,000
D$230,000✓ Correct
Explanation
Sale price = Commission ÷ Commission rate = $11,500 ÷ 0.05 = $230,000.
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