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1 year ago

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a seller wants to net $55,614 from the sale of her house after paying a 7% commission. her minimum sales price will have to be?

1 answer:

ivann1987 [24]1 year ago

7 0

In a situation wherein a seller wants to net $55,614 from the sale of her house after paying a 7% commission, her minimum sales price will have to be at least $59,800. Therefore, the option C holds true.

<h3>What is the significance of sales price?</h3>

Sales price can be referred to or considered as the price at which goods or services are being sold by a seller in the market. Usually, the sales price is higher than the cost price.

When the net returns desired by a seller is $55,614, and the commission is at 7%, then the sales price shall be 55614 / 0.93 = $59,800.

Therefore, the option C holds true regarding the significance of sales price.

Learn more about sales price here:

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The question seems to be incomplete. It has been added below.

A seller wants to net $55,614 from the sale of her house after paying a 7% commission. Her minimum sales price will have to be?

$55,341

$59,506

$59,800

$63,000

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