Real Estate Math
A South Dakota broker earned a commission of $14,400 on a sale. If the commission rate was 6%, what was the sale price?
A$200,000
B$220,000
C$240,000✓ Correct
D$260,000
Explanation
Sale price = Commission ÷ Rate = $14,400 ÷ 0.06 = $240,000.
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