Real Estate Math
A Colorado seller nets $380,000 after paying a 5.5% commission. What was the original sale price?
A$395,285
B$400,000
C$401,058
D$402,116✓ Correct
Explanation
Net = Sale Price × (1 - Commission Rate). $380,000 = Sale Price × 0.945. Sale Price = $380,000 / 0.945 = $402,116.
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