Real Estate Math
A Nevada seller wants to net $380,000 after paying a 6% commission. What must the minimum sale price be?
A$404,255✓ Correct
B$402,800
C$403,500
D$403,000
Explanation
Let S = sale price. S - 0.06S = $380,000. 0.94S = $380,000. S = $380,000 ÷ 0.94 = $404,255 (rounded to nearest dollar). This 'net to seller' calculation requires working backwards from the desired net. Nevada exam questions frequently test this algebraic approach — the key is that net = sale price × (1 - commission rate).
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