Real Estate Math
A seller wants to net $290,000 after paying a 6% brokerage commission and $4,500 in closing costs. What must the property sell for?
A$309,043
B$313,031✓ Correct
C$318,085
D$320,000
Explanation
Net needed before commission but after closing costs = $290,000 + $4,500 = $294,500. Sale price = $294,500 ÷ 0.
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