Real Estate Math
An Oklahoma seller wants to price their home to yield a $15,000 profit after paying off a $185,000 mortgage, $12,000 in closing costs, and a 6% commission. What must the minimum sales price be?
A$224,680
B$225,532✓ Correct
C$226,000
D$212,000
Explanation
Required net before commission = $185,000 + $12,000 + $15,000 = $212,000. Sales Price × (1 − 0.
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