Real Estate MathCommission_calculationsEASY
A seller wants to net $325,000 after paying a 6% commission and has no other closing costs to consider. What sale price is needed?
Correct Answer
A) $345,744.68
Because the seller keeps 94% of the price after a 6% commission, divide the target net by 0.94: $325,000 ÷ 0.94 = $345,744.68.
Answer Options
A
$345,744.68B
$5,416,666.67C
$344,500D
$305,500Why This Is the Correct Answer
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Why the Other Options Are Wrong
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Deep Analysis of This Real Estate Math Question
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Background Knowledge for Real Estate Math
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Real World Application in Real Estate Math
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Related Topics & Key Terms
Key Terms:
commission_calculationscommissionrequired_sale_priceseller_net
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