Real Estate Math
A commission of 5% was paid on a $420,000 sale. The selling office receives 55% of the total commission. How much does the selling office receive?
A$11,550✓ Correct
B$10,500
C$12,500
D$23,100
Explanation
Total commission = $420,000 × 5% = $21,000. Selling office share = $21,000 × 55% = $11,550.
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