Real Estate Math
A seller wants to net $240,000 after paying a 6% commission. What must the property sell for?
A$254,400
B$240,000✓ Correct
C$256,000
D$252,000
Explanation
SP × (1 − 0.06) = $240,000 → SP = $240,000 ÷ 0.94 ≈ $255,319. To solve this, multiply the relevant values: $240,000 at 6%.. The correct answer is $240,000.. This is a common calculation on the Georgia real estate exam.
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