Real Estate Math
A New York broker earns a 6% commission on a $395,000 sale and splits it equally with the cooperating broker. Each broker keeps 70% of their half and pays their salesperson 30%. How much does each salesperson earn?
A$3,555✓ Correct
B$7,110
C$11,850
D$23,700
Explanation
Total commission = $395,000 x 0.06 = $23,700. Each broker's half = $23,700 / 2 = $11,850. Each salesperson's share = $11,850 x 0.30 = $3,555.
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