Real Estate Math
A South Dakota agent earns $9,000 commission on a sale. If this represents 3% of the sale price, what was the sale price?
A$270,000
B$300,000✓ Correct
C$350,000
D$450,000
Explanation
Sale price = $9,000 ÷ 0.03 = $300,000. To solve this, multiply the relevant values: $9,000 at 3%.. The correct answer is $300,000.. This is a common calculation on the South Dakota real estate exam.
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