Real Estate Math
A broker earns a 5.5% commission on a $380,000 sale. What is the total commission?
A$19,000
B$20,900✓ Correct
C$21,500
D$22,800
Explanation
$380,000 × 0.055 = $20,900. To solve this, multiply the relevant values: $380,000 at 5.5%.. The correct answer is $20,900.. This is a common calculation on the New Jersey real estate exam.
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