Real Estate Math
A NJ broker's office has 4 agents. In one month, the agents closed sales of $850,000, $720,000, $1,100,000, and $465,000 at a 5% commission on each. If the broker takes 30% of all commissions, what did the broker earn?
A$47,025.50✓ Correct
B$13,620.00
C$10,050.00
D$12,475.00
Explanation
Total sales = $850,000 + $720,000 + $1,100,000 + $465,000 = $3,135,000. Total commission = $3,135,000 × 0.
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