Real Estate Math
A buyer wants to offer a price that will result in the seller netting exactly $280,000 after paying a 6% commission. What must the offer price be?
AA. $296,800
BB. $297,872✓ Correct
CC. $295,000
DD. $300,000
Explanation
If seller nets $280,000 after 6% commission: Net = Price × (1 - 0.06) → $280,000 = Price × 0.94 → Price = $280,000 ÷ 0.94 = $297,872 (rounded).
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