Real Estate Math
An Indiana broker's monthly expenses total $8,500. If they earn an average commission of $7,500 per transaction, how many transactions must they close monthly to break even?
A1✓ Correct
B2
C3
D4
Explanation
$8,500 ÷ $7,500 = 1.13, so they need 2 transactions to cover expenses. 2 transactions = $15,000 (over $8,500). So they need 2 transactions to exceed expenses.
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