Real Estate Math
A seller nets $285,000 after paying a 5% commission. What was the sale price?
A$295,000
B$300,000✓ Correct
C$305,000
D$310,000
Explanation
If the seller nets $285,000 after a 5% commission, the net equals 95% of the sale price. Sale price = $285,000 / 0.95 = $300,000.
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