Real Estate Math
A seller wants to net $190,000 after paying a 5% commission. What must the property sell for?
A$199,500
B$200,000✓ Correct
C$200,500
D$200,263
Explanation
Required sale price = Net ÷ (1 − commission rate) = $190,000 ÷ 0.95 = $200,000. To solve this, multiply the relevant values: $190,000 at 5%.. The correct answer is $200,000.. This is a common calculation on the Kentucky real estate exam.
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