Real Estate MathPregunta 114 de 120
A seller wants to net $188,000 after paying a 6 percent commission on the sale price. What must the sale price be (rounded)?
a.$199,280
b.$200,000
c.$188,000
d.$211,000
Explicación
The seller keeps 94 percent of the price after a 6 percent commission, so price = $188,000 / 0.94 = $200,000. You divide the net amount by (100% minus the commission rate). Dividing rather than adding 6 percent avoids a common error.
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