Real Estate Math
A salesperson earns a 3% commission on a $425,000 sale. The broker retains 40% of the commission and the salesperson keeps 60%. How much does the salesperson earn?
A$5,100
B$7,650✓ Correct
C$12,750
D$5,950
Explanation
Total commission = 3% × $425,000 = $12,750. Salesperson's share = 60% × $12,750 = $7,650. The broker retains $5,100 (40%). Commission calculations always begin with the total commission amount before applying splits.
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