Real Estate Math
A South Carolina real estate agent earned $14,040 on a transaction. If the commission rate was 5.4%, what was the sale price?
A$240,000
B$260,000✓ Correct
C$270,000
D$290,000
Explanation
Sale price = Commission ÷ Rate = $14,040 ÷ 0.054 = $260,000.
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