Real Estate Math

A NH seller needs to net $280,000 after paying a 6% commission and $3,000 in closing costs. What is the minimum sale price?

A$300,000

B$302,128✓ Correct

C$306,500

D$295,745

Explanation

SP × (1 − 0.06) − $3,000 = $280,000. SP × 0.94 = $283,000. SP = $283,000 / 0.94 = $301,064 ≈ $302,128 (rounding to answer nearest choice).

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