Real Estate Math
An agent earns a 5% commission on a $640,000 sale. She receives 60% of that commission, and her broker retains the remainder. How much does the agent receive?
A$19,200✓ Correct
B$32,000
C$12,800
D$25,600
Explanation
Total commission = 5% × $640,000 = $32,000. Agent's share = 60% × $32,000 = $19,200. To solve this, multiply the relevant values: $640,000 at 5%.. The correct answer is $19,200.. This is a common calculation on the Massachusetts real estate exam.
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