Real Estate Math
A seller wants to net $150,000 after paying a 6% commission. What must the property sell for?
A$159,000
B$159,574✓ Correct
C$160,000
D$165,000
Explanation
Net = Sale Price × (1 − commission rate). $150,000 = Sale Price × 0.94. Sale Price = $150,000 ÷ 0.94 = $159,574 (rounded to the nearest dollar).
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