Real Estate Math
A Maryland agent lists a home at $479,000. After selling for 96% of list price, the agent earns 5.5% commission on the sale price. The agent's commission is:
A$25,298✓ Correct
B$26,345
C$27,390
D$28,435
Explanation
Sale price = $479,000 × 96% = $459,840. Commission = $459,840 × 5.5% = $25,291.20 ≈ $25,298. To solve this, multiply the relevant values: $479,000 at 96%.. The correct answer is $25,298.. This is a common calculation on the Maryland real estate exam.
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