Real Estate Math

A South Dakota salesperson earns 2.5% of the total 5% commission on a $280,000 sale. How much does the salesperson earn?

A$3,500

B$7,000✓ Correct

C$14,000

D$4,000

Explanation

Total commission = $280,000 × 5% = $14,000. Salesperson's share = $14,000 × 50% = $7,000.

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