Real Estate Math
A salesperson earned $28,000 in commissions last year, which was 40% of her gross production. What were her gross commissions (before her split with the broker)?
A$56,000
B$70,000✓ Correct
C$84,000
D$112,000
Explanation
$28,000 represents 40% of gross production. Gross production = $28,000 / 0.40 = $70,000. To solve this, multiply the relevant values: $28,000 at 40%.. The correct answer is $70,000.. This is a common calculation on the New York real estate exam.
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