Real Estate Math
A New York salesperson earns 30% of the gross commission from a $490,000 sale where the brokerage charges a 5% commission. The salesperson's earnings are:
A$7,350✓ Correct
B$24,500
C$49,000
D$14,700
Explanation
Total commission = $490,000 × 5% = $24,500. Salesperson share (30%) = $24,500 × 30% = $7,350.
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