Real Estate Math
A Louisiana property sold for $415,000. The seller paid a 5.5% commission. How much did the seller net from the commission payment?
A$392,175✓ Correct
B$393,750
C$333,349
D$390,000
Explanation
Commission = $415,000 × 5.5% = $22,825. Net from commission = $415,000 − $22,825 = $392,175. To solve this, multiply the relevant values: $415,000 at 5.5%.. The correct answer is $392,175.. This is a common calculation on the Louisiana real estate exam.
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