Real Estate Math
A broker earns a 6% commission on a $410,000 sale and splits 50/50 with their firm. The broker then pays their supervising broker 20% of the broker's share. How much does the broker keep?
A$9,840✓ Correct
B$12,300
C$14,760
D$19,680
Explanation
Total commission: $410,000 × 0.06 = $24,600. Broker's 50% share: $12,300. Broker pays supervising broker 20%: $12,300 × 0.20 = $2,460. Broker keeps: $12,300 – $2,460 = $9,840.
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