Real Estate Math
A Maryland salesperson earns a salary of $2,000 per month plus 1.5% of personal sales volume. In a month they sold $620,000 in properties. Total earnings for the month are:
A$9,300
B$11,300✓ Correct
C$13,300
D$7,905
Explanation
Commission = $620,000 × 1.5% = $9,300. Total = $2,000 + $9,300 = $11,300. To solve this, multiply the relevant values: $2,000 and $620,000 at 1.5%.. The correct answer is $11,300.. This is a common calculation on the Maryland real estate exam.
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