Real Estate Math
A buyer wants to net $350,000 after paying a 5% commission. What must the property sell for?
A$357,500
B$367,000
C$368,421✓ Correct
D$385,000
Explanation
If the seller nets $350,000 after a 5% commission, then: Sale price x (1 - 0.05) = $350,000.
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