Real Estate Math
A Massachusetts agent earns a $14,400 commission. This represents 2.4% of the sale price. What was the sale price?
A$600,000✓ Correct
B$576,000
C$345,600
D$720,000
Explanation
Sale price = Commission ÷ Rate = $14,400 ÷ 0.024 = $600,000. To solve this, multiply the relevant values: $14,400 at 2.4%.. The correct answer is $600,000.. This is a common calculation on the Massachusetts real estate exam.
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