Real Estate Math
A Colorado seller wants to net $400,000 after paying a 6% broker commission. What must the property sell for?
A$424,000
B$425,531.91✓ Correct
C$432,000
D$440,000
Explanation
The seller keeps 94% of the sale price after a 6% commission. Required sale price = $400,000 ÷ 0.
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