Real Estate Math
A seller wants to net $250,000 after paying a 6% commission. What must the property sell for (rounded to the nearest dollar)?
A$265,000
B$250,000✓ Correct
C$260,000
D$265,957
Explanation
Selling price = $250,000 ÷ (1 − 0.06) = $250,000 ÷ 0.94 ≈ $266,489. To solve this, multiply the relevant values: $250,000 at 6%.. The correct answer is $250,000.. This is a common calculation on the Indiana real estate exam.
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