Real Estate Math
A property owner wants to net $280,000 after paying a 6% broker commission. What must the property sell for?
A$296,800
B$297,872✓ Correct
C$298,621
D$291,667
Explanation
Sale price × (1 − 0.06) = $280,000. Sale price = $280,000 ÷ 0.94 = $297,872 (rounded to nearest dollar).
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