Real Estate Math
A Hawaii salesperson earns 60% of the gross commission. If the property sold for $780,000 at a 5% commission rate, how much does the salesperson earn?
A$19,500
B$23,400✓ Correct
C$25,000
D$39,000
Explanation
Gross commission = $780,000 × 0.05 = $39,000. Salesperson share = $39,000 × 0.60 = $23,400. To solve this, multiply the relevant values: $780,000 at 60%.. The correct answer is $23,400.. This is a common calculation on the Hawaii real estate exam.
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