Real Estate Math
A Virginia seller received a net sheet showing $42,000 in net proceeds after paying 6% commission on the sale price of $510,000. What are the net proceeds after subtracting only the commission?
A$468,000
B$479,400✓ Correct
C$437,400
D$480,000
Explanation
Commission = $510,000 × 6% = $30,600. Net after commission = $510,000 – $30,600 = $479,400. To solve this, multiply the relevant values: $42,000 and $510,000 at 6%.. The correct answer is $479,400.. This is a common calculation on the Virginia real estate exam.
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