Real Estate Math
A seller in Springfield, IL receives $285,000 from the sale of her home. She agreed to pay a 5.5% commission. What is the commission amount?
A$14,250
B$15,675✓ Correct
C$16,500
D$17,250
Explanation
Commission = Sales Price × Commission Rate = $285,000 × 0.055 = $15,675.
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