Real Estate Math
A broker charges a 5.5% commission on the sale of a $460,000 home. What is the commission amount?
A$23,000
B$25,300✓ Correct
C$25,900
D$27,600
Explanation
$460,000 × 0.055 = $25,300 total commission. To solve this, multiply the relevant values: $460,000 at 5.5%.. The correct answer is $25,300.. This is a common calculation on the New Mexico real estate exam.
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