Real Estate Math
A Wisconsin salesperson sold $3,500,000 in production last year. Their broker pays 55% to the agent on a 5% commission rate. How much did the salesperson earn?
A$87,500
B$96,250✓ Correct
C$81,812
D$105,000
Explanation
Total commission = $3,500,000 × 5% = $175,000. Agent's share = $175,000 × 55% = $96,250. To solve this, multiply the relevant values: $3,500,000 at 55%.. The correct answer is $96,250.. This is a common calculation on the Wisconsin real estate exam.
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