Real Estate Math
A Wyoming property owner wants to net $315,000 after paying a 5% commission and $5,000 in other closing costs. What is the minimum sale price?
A$331,579
B$336,842✓ Correct
C$357,895
D$375,000
Explanation
Total costs = 5% commission + $5,000 other costs. The seller nets sale price minus (5% x sale price) minus $5,000 = $315,000.
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