Real Estate Math
A Connecticut salesperson sold 18 homes averaging $385,000 each. The average commission was 5.5%, and the salesperson's split with the broker was 60%. How much did the salesperson earn?
A$137,214
B$205,920
C$228,800✓ Correct
D$194,480
Explanation
Total sales = 18 × $385,000 = $6,930,000. Total commission = $6,930,000 × 0.055 = $381,150. Salesperson's share = $381,150 × 0.60 = $228,690 ≈ $228,800.60 = $228,690. Closest: $228,800.
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