Real Estate Math
A Montana seller receives $242,000 after paying a 5% commission and $3,500 in other closing costs. What was the original sale price?
A$258,421
B$260,526✓ Correct
C$253,500
D$255,000
Explanation
Net = Sale Price x (1 - 0.05) - $3,500 = $242,000. Sale Price x 0.95 = $245,500. Sale Price = $245,500 / 0.95 = $258,421. The
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