Real Estate Math
A seller wants to net $180,000 after paying a 6% commission. What must the property sell for?
A$190,800
B$180,000✓ Correct
C$191,500
D$192,000
Explanation
Net = Sale Price × (1 − 0.06). Sale Price = $180,000 ÷ 0.94 ≈ $191,489. To solve this, multiply the relevant values: $180,000 at 6%.. The correct answer is $180,000.. This is a common calculation on the Alabama real estate exam.
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