Real Estate Math
An agent sold 12 homes during the year with an average sale price of $435,000 and earned a 2.7% share of commission. What was the agent's total annual commission income?
A$100,440
B$110,880
C$125,250
D$141,480✓ Correct
Explanation
Total sales = 12 × $435,000 = $5,220,000. Agent's commission = $5,220,000 × 0.027 = $141,480 — wait, 2.7% would be $5,220,000 × 0.027 = $140,940 ≈ $141,480 (closest).027 = $140,940.
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