Real Estate Math
A Michigan broker charges a 6% commission on a $390,000 sale. The listing office keeps 55% of the total commission. How much does the listing office receive?
A$12,870✓ Correct
B$10,530
C$15,210
D$11,700
Explanation
Total commission = $390,000 × 6% = $23,400. Listing office share = $23,400 × 55% = $12,870.
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