Real Estate Math
A salesperson earns 60% of the commission paid to the brokerage. The brokerage receives a 5% commission on a $310,000 sale. How much does the salesperson earn?
A$8,680
B$9,300✓ Correct
C$10,000
D$12,400
Explanation
Brokerage commission = $310,000 × 0.05 = $15,500.
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