Real Estate Math
An Ohio property is listed at $425,000 and sells for 98% of asking price. After paying a 5% commission, how much does the seller net?
A$394,450✓ Correct
B$392,950
C$390,450
D$388,750
Explanation
Sale price = $425,000 × 98% = $416,500. Commission = $416,500 × 5% = $20,825. Net = $416,500 − $20,825 = $395,675. ()
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