Real Estate Math
A Mississippi seller accepts a full-price offer of $215,000. After paying off a $142,000 mortgage and a 6% commission, the seller's net proceeds are approximately:
A$60,000
B$60,100✓ Correct
C$58,000
D$55,000
Explanation
Commission = $215,000 × 6% = $12,900. Net = $215,000 − $142,000 − $12,900 = $60,100.
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