Real Estate Math
A Wyoming broker's office has 5 agents. In one month, total sales volume was $3,500,000 with an average 5% commission. The broker gets 30% of the total commission and each agent splits the remaining 70% equally. How much does each agent earn?
A$24,500✓ Correct
B$30,625
C$10,500
D$17,500
Explanation
Total commission = $3,500,000 × 5% = $175,000. Broker's share = $175,000 × 30% = $52,500.
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