Real Estate Math
An Idaho agent earns a 2.5% commission on a $415,000 sale. After paying 30% to their broker, what is the agent's net commission?
A$7,262.50✓ Correct
B$7,762.50
C$8,262.50
D$8,762.50
Explanation
Total commission = $415,000 x 2.5% = $10,375. Agent's share = $10,375 x 70% (retains 70% after paying 30% to broker) = $7,262.50.
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