Real Estate Math
A 2,400 sq ft home in Renton sells at $195/sq ft. The real estate commission is 5%. What are the total dollar commissions?
A$23,400✓ Correct
B$4,680
C$23,040
D$18,720
Explanation
Sale price = 2,400 sq ft × $195/sq ft = $468,000. Commission = $468,000 × 5% = $23,400.
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