Real Estate Math
An Iowa salesperson earns 55% of the total 6% commission on a $310,000 sale. How much does the salesperson earn?
A$9,300
B$10,230✓ Correct
C$11,160
D$12,090
Explanation
Total commission = $310,000 × 6% = $18,600. Salesperson share = $18,600 × 55% = $10,230. To solve this, multiply the relevant values: $310,000 at 55%.. The correct answer is $10,230.. This is a common calculation on the Iowa real estate exam.
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