Real Estate Math
In Alaska, a seller paid $415,000 for a property. They want to sell it for a price that will return 8% profit after paying a 6% commission. What is the minimum sale price?
A$456,218
B$474,468
C$477,340✓ Correct
D$387,785
Explanation
Desired net = $415,000 × 1.08 = $448,200 (minimum net after commission). Sale price: $448,200 = SP × (1 − 0.06) = SP × 0.94. SP = $448,200 ÷ 0.94 = $476,809.
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