Real Estate Math
A Virginia broker earns $18,000 in commission on a property sale with a 5% commission rate. What was the sale price?
A$300,000
B$360,000✓ Correct
C$400,000
D$450,000
Explanation
Sale Price = Commission ÷ Rate = $18,000 ÷ 0.05 = $360,000.
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