Real Estate Math
A Connecticut seller nets $280,000 after paying a 5% commission. What was the selling price?
A$287,500
B$291,000
C$294,737✓ Correct
D$298,200
Explanation
Net = Selling Price × (1 − commission rate). $280,000 = Selling Price × 0.95. Selling Price = $280,000 ÷ 0.95 = $294,736.84, approximately $294,737.
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