Real Estate Math

An Idaho seller receives a net of $311,250 after paying a 7.5% commission. What was the gross sale price?

A$330,000

B$336,486

C$311,250✓ Correct

D$340,000

Explanation

Net = Sale price × (1 − 0.075). Sale price = $311,250 ÷ 0.925 = $336,486 ≈ $336,500. Or: $337,500 × 0.925 = $312,187. $336,486 × 0.925 = $311,250 ✓.

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