Real Estate Math
A seller wants to net $200,000 after paying a 5% commission and a $3,000 closing cost allowance. What is the minimum sale price?
A$213,684
B$203,000✓ Correct
C$212,000
D$208,000
Explanation
Net = Sale price − (5% × Sale price) − $3,000. $200,000 = 0.
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