Real Estate Math
A seller in West Virginia wants to net $200,000 after paying a 6% commission. What must the home sell for?
A$212,000
B$212,766✓ Correct
C$208,333
D$210,526
Explanation
Required sale price = Net / (1 - Commission Rate) = $200,000 / (1 - 0.06) = $200,000 / 0.
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