32. Brandon is going to get a 3% commission on the sale of a property for $300,000. How much is Brandon's commission?
Answer: D
Brandon's commission is $9,000.
To calculate Brandon's commission, we multiply the property's sale price of $300,000 by the commission rate of 3%. This results in a commission of $9,000.
A) $12,000
This amount is incorrect because it represents a 4% commission on the sale price of $300,000, not the 3% specified in the question. Therefore, $12,000 does not align with the commission rate.
B) $30,000
This option is also incorrect as it suggests a 10% commission on the sale price of $300,000. The commission rate stated in the question is only 3%, making this option significantly higher than the correct calculation.
C) $10,000
This choice is incorrect because it implies a commission rate of approximately 3.33% on the sale price of $300,000. The correct commission rate is specifically 3%, leading to a lower commission amount.
D) $9,000
This is the correct answer as it accurately reflects a 3% commission on the $300,000 property sale. The calculation is straightforward: $300,000 x 0.03 = $9,000.
Conclusion
Brandon's commission of $9,000 is derived by applying the correct commission rate of 3% to the sale price of the property. All other options provided either miscalculate the percentage or represent incorrect commission rates, affirming that $9,000 is the only valid answer.