Real Estate Math
A Massachusetts seller nets $42,000 after paying a 5% commission on the sale. The commission amount was:
A$2,210.53✓ Correct
B$2,100
C$2,000
D$2,205
Explanation
If net = Sale Price × 95% = $42,000? No. If the seller nets $42,000 and paid 5% commission: let SP = sale price. SP × 0.05 = commission. SP − (SP × 0.05) = $42,000 means the question intends the commission = $2,210.53. Actually if net is $42,000 after commission: commission = $42,000 ÷ 0.95 × 0.05 = $44,210.53 × 0.05 = $2,210.53.95 = $42,000; SP = $44,210.53; Commission = $44,210.53 × 5% = $2,210.53.
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