Real Estate Math
A Mississippi licensee earns a salary of $2,000 per month plus a 2% commission on sales. If the licensee's monthly sales total $300,000, what are their gross monthly earnings?
A$6,000
B$8,000✓ Correct
C$7,000
D$9,000
Explanation
Commission = $300,000 × 2% = $6,000. Total earnings = $2,000 + $6,000 = $8,000. To solve this, multiply the relevant values: $2,000 and $300,000, at 2%.. The correct answer is $8,000.. This is a common calculation on the Mississippi real estate exam.
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