Real Estate Math
An Oregon seller nets $387,000 after paying a 5.5% commission and $3,200 in closing costs. What was the sale price?
A$390,200✓ Correct
B$409,200
C$415,026
D$407,000
Explanation
Let P = sale price. Net = P - 0.055P - $3,200 = $387,000. So 0.945P = $390,200. P = $390,200 ÷ 0.945 = $412,910 (approximately $412,381 using more precise calculation: $387,000 + $3,200 = $390,200; $390,200 ÷ 0.945 ≈ $412,910). The
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