Real Estate Math
A Wyoming seller wishes to net $230,000 after paying a 6% broker commission and $3,000 in closing costs. What must the property sell for?
A$247,872✓ Correct
B$244,680
C$248,936
D$250,000
Explanation
Net = SP × (1 − 0.06) − $3,000. $230,000 = SP × 0.94 − $3,000. SP × 0.94 = $233,000. SP = $233,000 ÷ 0.94 = $247,872.
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