Real Estate Math
A Delaware seller receives $445,000 at closing. After paying a 5.5% commission and a $6,500 closing cost, what was the sale price?
A$451,500✓ Correct
B$470,000
C$480,000
D$475,132
Explanation
Sale Price × (1 − 0.055) − $6,500 = $445,000.
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