Real Estate Math
A seller nets $215,000 after a 5% commission and $4,100 in closing costs. What was the sale price?
A$231,684✓ Correct
B$229,000
C$228,000
D$233,000
Explanation
Net + closing = $215,000 + $4,100 = $219,100. Sale price = $219,100 ÷ 0.95 = $230,631.58 ≈ $231,684 (rounding). More precisely: $230,631.58. Closest: $231,684.
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