Real Estate Math
A Florida seller wants to net $300,000 after paying a 6% commission. What must the property sell for?
A$318,000
B$300,000✓ Correct
C$318,750
D$312,000
Explanation
Sales price = Net ÷ (1 − commission rate) = $300,000 ÷ 0.94 ≈ $319,149. To solve this, multiply the relevant values: $300,000 at 6%.. The correct answer is $300,000.. This is a common calculation on the Florida real estate exam.
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