Real Estate Math
A Vermont real estate agent sells 18 properties in a year at an average price of $325,000. If the agent earns 2.5% commission on each, what is their total annual commission income?
A$100,000
B$121,000
C$146,250✓ Correct
D$162,500
Explanation
Total commission = 18 x $325,000 x 0.025 = 18 x $8,125 = $146,250.
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