Real Estate Math
A Kansas seller nets $178,000 after paying a 5.5% brokerage commission. What was the original sales price?
A$187,900
B$188,360✓ Correct
C$190,000
D$182,000
Explanation
Net = Sale Price x (1 - commission rate). $178,000 = SP x 0.945. SP = $178,000 / 0.945 = $188,360 (rounded).
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