Real Estate Math
A seller nets $180,000 after paying a 6% commission. What was the original sale price? (Round to nearest dollar)
A$190,800
B$191,489✓ Correct
C$180,000
D$200,000
Explanation
Net = Sale Price × (1 - commission rate). $180,000 = SP × 0.94. SP = $180,000 ÷ 0.94 = $191,489 (rounded). The seller receives 94% of the sale price after the 6% commission.
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