Real Estate Math
A North Dakota commercial property sold for $1,200,000. The broker charges a 4% commission. How much is the commission?
A$36,000
B$42,000
C$48,000✓ Correct
D$54,000
Explanation
Commission = $1,200,000 × 4% = $1,200,000 × 0.04 = $48,000.
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