Real Estate Math
A NH broker charges a 5% commission on a $480,000 sale. The broker splits the commission 60/40 with the selling agent. How much does the selling agent earn?
A$9,600✓ Correct
B$14,400
C$24,000
D$12,000
Explanation
Total commission = 5% × $480,000 = $24,000. The selling agent's 40% share = 40% × $24,000 = $9,600.
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