Real Estate Math
A Delaware real estate office generates $485,000 in gross commission income annually. If overhead is 40%, how much is available for broker compensation and profit?
A$291,000✓ Correct
B$194,000
C$243,000
D$280,000
Explanation
Net after overhead = $485,000 × (1 − 0.40) = $485,000 × 0.
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