Real Estate Math
An Indiana seller nets $234,000 after paying a 6% brokerage commission. What was the sale price?
A$245,000
B$248,936✓ Correct
C$250,000
D$252,174
Explanation
Net = Sale Price × (1 − 0.06) = Sale Price × 0.94. Sale Price = $234,000 ÷ 0.94 = $248,936. To solve this, multiply the relevant values: $234,000 at 6%.. The correct answer is $248,936.. This is a common calculation on the Indiana real estate exam.
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