Real Estate Math
An Indiana broker earns a 3% commission on the first $200,000 and 2.5% on the remaining balance of a $580,000 sale. What is the total commission?
A$15,500✓ Correct
B$16,200
C$17,450
D$18,500
Explanation
Commission on first $200,000: 3% × $200,000 = $6,000. Remaining: $580,000 − $200,000 = $380,000 × 2.
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