Real Estate Math
A Missouri seller wants $450,000 after paying a 6% commission, $3,500 closing costs, and $12,000 to repair a foundation. What must the home sell for?
A$494,681✓ Correct
B$493,085
C$500,000
D$492,500
Explanation
Total deductions (non-commission): $3,500 + $12,000 = $15,500. Net needed before commission: $450,000 + $15,500 = $465,500.
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