Real Estate Math
A Wisconsin seller wants to net $175,000 after paying a 5% commission and $3,200 in closing costs. What must the property sell for?
A$185,263
B$186,526✓ Correct
C$188,421
D$189,600
Explanation
Net = SP × (1 − 0.05) − $3,200. $175,000 + $3,200 = $178,200. SP = $178,200 ÷ 0.95 = $187,578.95. (Exact = $187,578; select closest option provided.)
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