Real Estate Math
A West Virginia seller nets $178,000 after paying a 5% commission. What was the gross sale price?
A$183,000
B$187,368✓ Correct
C$186,000
D$190,000
Explanation
Net = Sale Price x (1 - 0.05). Sale Price = $178,000 / 0.95 = $187,368. To solve this, multiply the relevant values: $178,000 at 5%.. The correct answer is $187,368.. This is a common calculation on the West Virginia real estate exam.
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