Real Estate Math
A real estate salesperson earns 60% of the commission paid to their broker. If the property sold for $195,000 at a 5.5% commission rate, how much does the salesperson earn?
A$6,435✓ Correct
B$5,362.50
C$10,725
D$7,150
Explanation
Total commission = $195,000 × 5.5% = $10,725.
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