Real Estate Math
A South Dakota broker charges a 6% commission and receives a total commission of $22,500. What was the sale price?
A$350,000
B$375,000✓ Correct
C$400,000
D$425,000
Explanation
Sale Price = Commission ÷ Rate = $22,500 ÷ 0.06 = $375,000. To solve this, multiply the relevant values: $22,500 at 6%.. The correct answer is $375,000.. This is a common calculation on the South Dakota real estate exam.
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