Real Estate Math
A seller wants to net $450,000 after paying a 5% commission. What must the property sell for (rounded to the nearest dollar)?
A$472,500
B$473,684✓ Correct
C$477,273
D$495,000
Explanation
Net = Sales Price × (1 − 0.05), so Sales Price = $450,000 ÷ 0.95 = $473,684.21 ≈ $473,684.
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