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After Real Estate Fees of 3% Had Been Deducted from the Proceeds

Question 273

Multiple Choice

After real estate fees of 3% had been deducted from the proceeds of the sale of a property, the real estate agent sent the vendor (seller) of the property $244,400. What was the amount of fees retained by the real estate agent?


A) $7,558.76
B) $251,958.76
C) $7,800.00
D) $7,118.45
E) $237,281.55

Correct Answer:

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