Real Estate Math
A Mississippi salesperson earns a 3% commission on a $340,000 sale and splits it 60/40 with their broker (salesperson gets 60%). What does the salesperson earn?
A$4,080
B$6,120✓ Correct
C$10,200
D$8,160
Explanation
Total commission = $340,000 × 3% = $10,200. Salesperson's share = $10,200 × 60% = $6,120. To solve this, multiply the relevant values: $340,000 at 3%.. The correct answer is $6,120.. This is a common calculation on the Mississippi real estate exam.
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