Real Estate Math
A Maryland agent lists a home at $450,000. The seller wants to net at least $420,000 after a 5% commission. Will the seller achieve their goal?
AYes — net = $427,500✓ Correct
BNo — net = $427,500, which exceeds $420,000, so yes
CNo — net = $415,000
DYes — net = $442,500
Explanation
Commission = $450,000 × 5% = $22,500. Net = $450,000 – $22,500 = $427,500. Yes, the seller nets $427,500, which exceeds $420,000.
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