Real Estate Math
A seller receives $524,730 after paying a 5.5% commission. What was the sale price?
A$555,006
B$555,000✓ Correct
C$554,741
D$555,270
Explanation
Sale price = $524,730 ÷ (1 − 0.055) = $524,730 ÷ 0.945 ≈ $555,005 ≈ $555,000 (checking: $555,000 × 0.945 = $524,475 vs $555,006 × 0.945 = $524,481). More precisely: $524,730 ÷ 0.945 = $555,005.29 ≈ $555,006.
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