Real Estate Math
A North Dakota seller wishes to net $300,000 after paying a 6% real estate commission. What must the sale price be?
A$318,000
B$319,148.94✓ Correct
C$318,500
D$312,500
Explanation
Net = Sale price × (1 − 6%). $300,000 = Sale price × 0.94. Sale price = $300,000 / 0.94 = $319,148.94.
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