Real Estate Math
A Tennessee seller owes $212,000 on a mortgage. After paying a 6% commission and $4,800 in other closing costs, the seller nets $38,000. What was the sale price?
A$254,800✓ Correct
B$270,000
C$264,000
D$275,000
Explanation
Net = Sale price − (6% × Sale price) − $4,800 − $212,000 = $38,000. Sale price × 0.
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