Real Estate Math
A salesperson sold a property for $335,000 and earned a commission of $10,050. What was the commission rate?
A2.5%
B3%✓ Correct
C3.5%
D4%
Explanation
Commission rate = Commission ÷ Sales price = $10,050 ÷ $335,000 = 0.03 = 3%. Using the values given ($335,000, $10,050), apply the appropriate formula.. The correct answer is 3%.. This is a common calculation on the Connecticut real estate exam.
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