Real Estate Math
A seller nets $280,000 after paying a 6% commission. What was the original selling price (rounded to nearest dollar)?
A$295,745
B$296,809
C$297,872✓ Correct
D$298,933
Explanation
Selling Price × (1 − 0.06) = $280,000. Selling Price = $280,000 ÷ 0.94 = $297,872 (rounded). To solve this, multiply the relevant values: $280,000 at 6%.. The correct answer is $297,872.. This is a common calculation on the Alaska real estate exam.
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