Real Estate Math
A Montana broker sold 24 properties in a year averaging $210,000 per sale with an average commission of 5.5%. What was the broker's total commission income?
A$277,200✓ Correct
B$252,000
C$288,000
D$300,000
Explanation
Total sales volume = 24 × $210,000 = $5,040,000. Total commission = $5,040,000 × 5.
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