Real Estate Math
A salesperson earns 2.8% of the sale price. The property sold for $375,000. How much commission does the salesperson earn?
A$9,500
B$10,500✓ Correct
C$11,000
D$12,000
Explanation
Commission = $375,000 × 2.8% = $10,500. To solve this, multiply the relevant values: $375,000 at 2.8%.. The correct answer is $10,500.. This is a common calculation on the Ohio real estate exam.
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