Real Estate Math
A Maine agent lists a commercial property for $1,800,000. The commission is 4% for the first million and 2% for anything above $1M. Total commission on a full-price sale is:
A$40,000
B$52,000
C$56,000✓ Correct
D$72,000
Explanation
Commission on first $1M = $1,000,000 × 4% = $40,000. Commission on remaining $800,000 = $800,000 × 2% = $16,000. Total = $40,000 + $16,000 = $56,000.
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