Real Estate Math
A Maine seller nets $245,000 after paying a 5% commission. What was the sale price?
A$257,895✓ Correct
B$256,600
C$250,000
D$269,500
Explanation
Sale price x (1 - 0.05) = $245,000. Sale price = $245,000 / 0.95 = $257,895. To solve this, multiply the relevant values: $245,000 at 5%.. The correct answer is $257,895.. This is a common calculation on the Maine real estate exam.
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