Real Estate Math
A Vermont seller nets $285,000 after paying a 5% broker commission. What was the sale price?
A$297,500
B$300,000✓ Correct
C$299,000
D$295,000
Explanation
Net = Sale Price x (1 - 0.05). $285,000 / 0.95 = $300,000. To solve this, multiply the relevant values: $285,000 at 5%.. The correct answer is $300,000.. This is a common calculation on the Vermont real estate exam.
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