Real Estate Math

A seller receives $187,000 after paying a 6% commission. What was the sale price?

A$198,000

B$199,000

C$198,936✓ Correct

D$200,000

Explanation

Let P = sale price. P − 0.06P = $187,000. 0.94P = $187,000. P = $187,000 ÷ 0.94 = $198,936 (rounded).

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