Real Estate Math
A salesperson in Oklahoma lists 10 homes in a year. Three sell for $210,000, four for $275,000, and three for $340,000. At a 3% listing commission, what is their total listing commission?
A$75,300
B$78,300
C$82,500✓ Correct
D$72,300
Explanation
Sales = (3 x $210,000) + (4 x $275,000) + (3 x $340,000) = $630,000 + $1,100,000 + $1,020,000 = $2,750,000. Commission = $2,750,000 x 3% = $82,500.
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