Real Estate Math
A seller nets $425,000 after paying a 6% broker commission. What was the sale price?
A$450,000
B$451,064
C$452,128✓ Correct
D$460,000
Explanation
The net proceeds = Sale Price × (1 - 0.06). $425,000 = Sale Price × 0.94. Sale Price = $425,000 ÷ 0.94 = $452,127.66, which rounds to approximately $452,128.
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