Real Estate Math
An Indiana seller's net after a 5% commission and $8,000 closing costs on a $380,000 sale is:
A$343,000
B$351,000✓ Correct
C$353,000
D$363,000
Explanation
Commission = 5% × $380,000 = $19,000. Net = $380,000 − $19,000 − $8,000 = $353,000. To solve this, multiply the relevant values: $8,000 and $380,000 at 5%.. The correct answer is $351,000.. This is a common calculation on the Indiana real estate exam.
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