Real Estate Math
A Louisiana seller nets $187,500 after paying a 6% commission. What was the selling price?
A$198,750
B$199,468
C$200,000✓ Correct
D$195,313
Explanation
Selling price × (1 − 0.06) = $187,500. Selling price = $187,500 ÷ 0.94 = $199,468.94 = $199,468.09 ≈ $199,468.
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