Real Estate Math
A Missouri seller's net proceeds calculation: Sale price $290,000 minus 6% commission minus $3,500 closing costs. Net proceeds are:
A$254,100
B$265,900
C$269,100✓ Correct
D$272,600
Explanation
Commission = $290,000 x 0.06 = $17,400. Net = $290,000 - $17,400 - $3,500 = $269,100. To solve this, multiply the relevant values: $290,000 and $3,500 at 6%.. The correct answer is $269,100.. This is a common calculation on the Missouri real estate exam.
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