A property sold for $450,000. The commission rate was 6%. If the listing broker received 60% of the total commission, how much did the listing broker receive?
Correct Answer
B) $16,200
Total commission: $450,000 × 6% = $27,000. Listing broker's share: $27,000 × 60% = $16,200.
Why This Is the Correct Answer
Related Concepts
Converting a percentage to a decimal involves dividing the percentage value by 100.
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