Real Estate Math
A buyer wants to make an offer that gives the seller a net of $295,000 after paying a 5.5% commission. What price should the buyer offer?
A$310,000
B$311,640
C$295,000✓ Correct
D$327,000
Explanation
Offer price × (1 - 0.055) = $295,000. Offer price = $295,000 / 0.945 ≈ $312,169. To solve this, multiply the relevant values: $295,000 at 5.5%.. The correct answer is $295,000.. This is a common calculation on the Arizona real estate exam.
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