Real Estate Math
A Colorado broker's office has a total annual commission income of $1,200,000. The employing broker receives 30% and the remaining 70% is split equally among 10 associate brokers. How much does each associate broker earn annually?
A$36,000
B$84,000✓ Correct
C$120,000
D$360,000
Explanation
Amount for associates = $1,200,000 × 70% = $840,000. Each associate's share = $840,000 ÷ 10 = $84,000.
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