Real Estate Math
An Oklahoma property owner wants to net $250,000 after paying a 6% broker commission. At what price must the property sell?
A$265,000
B$266,000
C$265,957✓ Correct
D$260,000
Explanation
Net = Sale Price × (1 − Commission Rate). $250,000 = Sale Price × 0.94. Sale Price = $250,000 ÷ 0.94 = $265,957.45 (approximately $265,957).
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