Real Estate Math
A seller wants to net $275,000 after paying a 6% commission. What must the property sell for?
A$291,500
B$292,553✓ Correct
C$291,000
D$295,000
Explanation
The seller nets 100% − 6% = 94% of the sale price. Required sale price = $275,000 ÷ 0.94 = $292,553 (rounded to the nearest dollar).
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