Real Estate Math
A Virginia listing agreement authorizes a 6% commission on the first $300,000 and 4% on any amount above. The home sells for $450,000. What is the total commission?
A$18,000
B$24,000✓ Correct
C$20,400
D$27,000
Explanation
Commission on first $300,000 = $300,000 × 6% = $18,000. Commission on remaining $150,000 = $150,000 × 4% = $6,000. Total = $18,000 + $6,000 = $24,000.
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