Real Estate Math
An agent sells 4 properties in a month. The total sales volume is $1,600,000. The average commission rate is 2.5%. The agent keeps 60% of their commission. How much does the agent earn?
A$24,000✓ Correct
B$40,000
C$60,000
D$16,000
Explanation
Total commission = $1,600,000 × 2.5% = $40,000.
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