Real Estate Math
A seller received $312,000 net after paying a 5% commission. What was the sale price?
A$327,368
B$328,421✓ Correct
C$330,000
D$326,000
Explanation
Seller nets 95% of sale price. Sale price = $312,000 ÷ 0.95 = $328,421 (rounded). To solve this, multiply the relevant values: $312,000 at 5%.. The correct answer is $328,421.. This is a common calculation on the Oregon real estate exam.
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