If the broker's 5% commission is $2,500, the total sales price of the property was A) $50,000.
What is a broker's commission?
A broker's commission is the remuneration paid to a broker for her services.
Data and Calculations:
Commission rate = 5%
Commission amount = $2,500
Total sales price = $50,000 ($2,500/5%)
Thus, if the broker's 5% commission is $2,500, the total sales price of the property was A) $50,000.
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