Real Estate Math
A seller wants to net $200,000 after paying a 6% commission. What must the property sell for?
A$210,000
B$212,766✓ Correct
C$213,000
D$220,000
Explanation
If the net = sale price × (1 − commission rate): Sale price = $200,000 / (1 − 0.06) = $200,000 / 0.
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