Real Estate Math
A salesperson lists a property for $1,000,000 and earns a 2.5% commission on the sale. If the salesperson's split is 60%, how much does the salesperson take home?
A$12,500
B$15,000✓ Correct
C$25,000
D$30,000
Explanation
Total commission = $1,000,000 × 0.025 = $25,000.
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