Real Estate Math
A Michigan real estate agent's gross commission income for the year was $96,000. If the broker takes 40%, how much does the agent net?
A$38,400
B$57,600✓ Correct
C$48,000
D$64,000
Explanation
Broker takes 40% x $96,000 = $38,400. Agent nets $96,000 - $38,400 = $57,600. To solve this, multiply the relevant values: $96,000 at 40%.. The correct answer is $57,600.. This is a common calculation on the Michigan real estate exam.
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