Real Estate Math
A New Mexico broker earns a 5% commission on a $560,000 sale. The associate broker receives 55% of the office commission. How much does the associate earn?
A$14,000
B$15,400✓ Correct
C$28,000
D$11,200
Explanation
Total commission = $560,000 x 5% = $28,000. Associate's share = $28,000 x 55% = $15,400.
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