Real Estate Math
A Pennsylvania seller nets $245,000 after paying a 5% commission on their home sale. What was the sale price?
A$257,895✓ Correct
B$269,500
C$257,143
D$275,000
Explanation
If the seller nets $245,000 after a 5% commission: Sale price × (1 − 0.05) = $245,000. Sale price × 0.95 = $245,000. Sale price = $245,000 / 0.95 = $257,894.74 ≈ $257,895.
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