Real Estate Math
A Wisconsin seller wants to net $200,000 after paying a 6% commission. What must the property sell for?
A$210,000
B$212,766✓ Correct
C$212,500
D$214,000
Explanation
Net = Sale Price × (1 - 0.06). Sale Price = $200,000 / 0.94 = $212,766 (approximately). To solve this, multiply the relevant values: $200,000 at 6%.. The correct answer is $212,766.. This is a common calculation on the Wisconsin real estate exam.
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