Real Estate Math
A seller nets $200,000 after paying a 7% commission. What was the sale price?
A$214,000
B$200,000✓ Correct
C$213,000
D$216,000
Explanation
Sale Price = Net ÷ (1 − Commission Rate) = $200,000 ÷ 0.93 ≈ $215,054. To solve this, multiply the relevant values: $200,000 at 7%.. The correct answer is $200,000.. This is a common calculation on the Alabama real estate exam.
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