Real Estate Math
A Mississippi agent earns 3% of the sales price on each transaction. In a year with 15 sales averaging $185,000, the agent's total commission earnings are:
A$83,250✓ Correct
B$55,500
C$75,000
D$63,450
Explanation
Total sales = 15 × $185,000 = $2,775,000. Commission = $2,775,000 × 3% = $83,250.
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