Real Estate Math
A property sold for $315,000. The listing broker and buyer's broker each received 2.5% of the sale price. The listing agent receives 60% of their broker's share. What did the listing agent earn?
A$3,937.50
B$4,725✓ Correct
C$7,875
D$9,450
Explanation
Listing broker's share: $315,000 × 0.025 = $7,875.
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