Real Estate Math
A Hawaii seller nets $680,000 after paying a 5% commission. What was the sale price?
AA. $714,000
BB. $715,789✓ Correct
CC. $714,736
DD. $716,000
Explanation
If the seller nets 95% of the sale price (100% - 5% commission): Sale Price × 0.95 = $680,000. Sale Price = $680,000 / 0.95 = $715,789.47, approximately $715,789.
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