Real Estate Math
A listing agent earns 3% of the sale price and a salesperson on the team earns 40% of the listing side commission. The property sells for $350,000. How much does the salesperson earn?
A$4,200✓ Correct
B$10,500
C$5,250
D$7,000
Explanation
Listing side commission = $350,000 × 3% = $10,500. Salesperson share = $10,500 × 40% = $4,200.
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