Real Estate Math
A seller receives $342,000 after paying a 6% commission and $3,800 in other closing costs. What was the sale price?
A$365,000
B$363,000
C$368,000✓ Correct
D$360,000
Explanation
Let S = sale price. S - 0.06S - $3,800 = $342,000. 0.94S = $345,800. S = $345,800 / 0.94 = $367,872 ≈ $368,000.
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