Real Estate Math
An agent receives a referral fee of 25% of their gross commission for a transaction. Their commission is $9,600. What is the referral fee?
A$960
B$2,400✓ Correct
C$4,800
D$3,200
Explanation
Referral fee = Agent's commission × Referral percentage = $9,600 × 25% = $2,400. To solve this, multiply the relevant values: $9,600 at 25%..
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