Compensation and Commission Splits - Lamar sells another broker's $800,000 listing for $785,000 at a commission rate of 6.5%. Lamar has a 40% commission split with his broker. If there is also a 50% brokerage split, what commission will Lamar receive?
a) $31,400
b) $35,275
c) $37,450
d) $39,125