Real Estate Math
A seller wants to net $350,000 after a 6% commission. What must the sale price be?
A$369,149
B$370,213
C$372,340✓ Correct
D$375,000
Explanation
Sale price × (1 − 0.06) = $350,000. Sale price = $350,000 ÷ 0.94 = $372,340 (rounded). To solve this, multiply the relevant values: $350,000 at 6%.. The correct answer is $372,340.. This is a common calculation on the Idaho real estate exam.
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