Real Estate Math
An agent negotiates a sale that is $15,000 above list price. The sale price is $535,000. Commission is 5%. How much commission is earned?
A$25,500
B$26,750✓ Correct
C$26,000
D$27,000
Explanation
Commission = Sale Price × Commission Rate = $535,000 × 5% = $26,750. To solve this, multiply the relevant values: $15,000 and $535,000 at 5%..
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