Real Estate Math
A seller lists at $389,000 and accepts 97% of list price. The 5.5% commission is paid on the sale price. What is the net to the seller before other closing costs?
A$356,893
B$357,351✓ Correct
C$355,893
D$358,000
Explanation
Sale price: $389,000 × 0.97 = $377,330.
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