Real Estate Math
A seller in NC nets $182,000 after paying a 6% commission on the sale price and $4,000 in other closing costs. What was the approximate sale price?
A$196,000
B$186,000✓ Correct
C$200,000
D$193,617
Explanation
Net = Sale Price – (Sale Price × 0.06) – $4,000. $182,000 = SP × 0.94 – $4,000. $186,000 = SP × 0.94. SP = $186,000 / 0.94 ≈ $197,872.
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