Real Estate Math
A listing agreement states the seller wants to net $185,000 after paying a 6% commission. What must the property sell for (rounded to nearest dollar)?
A$196,100
B$196,809✓ Correct
C$197,000
D$191,000
Explanation
Required price = $185,000 ÷ (1 − 0.06) = $185,000 ÷ 0.
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