Real Estate Math
A South Dakota broker receives $18,750 as their share of the commission. If the total commission was $25,000 split 75/25 in the broker's favor, what was the sale price at a 5% total commission?
A$375,000
B$400,000
C$425,000
D$500,000✓ Correct
Explanation
Total commission = $25,000. At 5% commission: Sale price = $25,000 ÷ 0.
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