Real Estate Math
A seller in Missouri wants to net $195,000 after paying a 5% commission. What must the property sell for?
A$204,750
B$205,263✓ Correct
C$200,000
D$202,500
Explanation
Gross price = Net ÷ (1 − commission %) = $195,000 ÷ 0.95 = $205,263 (rounded).
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