Real Estate Math
A South Carolina broker charges a 5.5% commission on a $320,000 sale. The listing agent retains 60% of the total commission. How much does the listing agent earn?
A$9,600
B$10,560✓ Correct
C$11,440
D$17,600
Explanation
Total commission: $320,000 × 5.5% = $17,600. Listing agent's share: $17,600 × 60% = $10,560. To solve this, multiply the relevant values: $320,000 at 5.5%.. The correct answer is $10,560.. This is a common calculation on the South Carolina real estate exam.
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