Real Estate Math
A Massachusetts agent is paid a commission of $19,800 which represents 3% of the sale price. What was the sale price?
A$660,000✓ Correct
B$594,000
C$198,000
D$693,000
Explanation
Sale price = Commission ÷ Commission Rate = $19,800 ÷ 0.03 = $660,000. To solve this, multiply the relevant values: $19,800 at 3%.. The correct answer is $660,000.. This is a common calculation on the Massachusetts real estate exam.
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