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The Commission on a Transaction Is 3% of the First

Question 279

Multiple Choice

The commission on a transaction is 3% of the first $100,000 and 2% of the balance. What was the amount of a transaction where the commission charged was $10,100?


A) $225,000
B) $545,000
C) $310,000
D) $355,000
E) $455,000

Correct Answer:

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