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.
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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
