Real Estate Math
An Idaho home is listed at $525,000 and sells for 96% of list price. The 6% commission is based on the sale price. What is the total commission paid?
A$29,250
B$30,240✓ Correct
C$31,500
D$32,760
Explanation
Sale price = $525,000 x 96% = $504,000. Commission = $504,000 x 6% = $30,240.
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