Real Estate Math

A Louisiana seller agreed to net $150,000 after a 6% commission. What must the property sell for?

A$159,000

B$159,574✓ Correct

C$162,000

D$156,000

Explanation

Selling price × (1 − 0.06) = $150,000. Selling price = $150,000 ÷ 0.94 = $159,574 (rounded). To solve this, multiply the relevant values: $150,000 at 6%.. The correct answer is $159,574.. This is a common calculation on the Louisiana real estate exam.

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