Real Estate Math
A Mississippi seller nets $210,000 after paying a 6% commission on the sale. What was the sale price?
A$220,000
B$223,404✓ Correct
C$225,000
D$215,000
Explanation
Sale price = Net ÷ (1 − commission) = $210,000 ÷ 0.94 = $223,404. To solve this, multiply the relevant values: $210,000 at 6%.. The correct answer is $223,404.. This is a common calculation on the Mississippi real estate exam.
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