Real Estate Math
A Wisconsin seller wants to net $225,000 after a 6% commission. What is the minimum sale price needed?
A$234,000
B$238,298✓ Correct
C$239,361
D$240,000
Explanation
SP × 0.94 = $225,000. SP = $225,000 ÷ 0.94 = $239,361. To solve this, multiply the relevant values: $225,000 at 6%.. The correct answer is $238,298.. This is a common calculation on the Wisconsin real estate exam.
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