Real Estate Math
A salesperson earns 60% of the total commission. The commission is 5% on a $415,000 sale. How much does the salesperson earn?
A$10,375
B$12,450✓ Correct
C$12,750
D$14,525
Explanation
Total commission = $415,000 × 0.05 = $20,750. Salesperson's share = $20,750 × 0.60 = $12,450. To solve this, multiply the relevant values: $415,000 at 60%.. The correct answer is $12,450.. This is a common calculation on the Connecticut real estate exam.
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