Real Estate Math
A seller wants to net exactly $400,000 after paying a 5% commission. What minimum sale price must be achieved?
A$420,000
B$421,053✓ Correct
C$408,000
D$440,000
Explanation
The seller nets 95% of the sale price. Sale price = $400,000 ÷ 0.95 = $421,052.63 ≈ $421,053. Verification: $421,053 × 5% = $21,053 commission; $421,053 − $21,053 = $400,000 net.
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