Real Estate Math
A Kentucky seller wants to net $175,000 from the sale of their home. They owe $95,000 on the mortgage and will pay 5.5% commission. What must the sale price be?
A$280,000
B$285,000
C$175,500✓ Correct
D$290,000
Explanation
Net to seller = Sale price − commission − mortgage. 0.
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