Real Estate Math
A South Carolina agent earns $9,240 commission representing 2.8% of the sale. What was the sale price?
A$315,000
B$320,000
C$330,000✓ Correct
D$335,000
Explanation
Sale Price = Commission ÷ Rate = $9,240 ÷ 0.028 = $330,000. To solve this, multiply the relevant values: $9,240 at 2.8%.. The correct answer is $330,000.. This is a common calculation on the South Carolina real estate exam.
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