Jennifer wants to net $35,000 on her house. Her closing costs will be 7,500 plus a 7% commission. She owes $185,000 on her loan.
2 answers:
Answer: The sale price would be $228,025.
Step-by-step explanation:
Since we have given that
Price of her house = $35000
Price of her closing = $7500
Rate of commission = 7%
So, Amount of commission would be
So, Amount of her closing becomes
\$7500+$525
=\$8025
Amount of her loan = $185000
So, Total sales price would be
$185000+$35000+$8025
=$228025
Hence, the sale price would be $228,025.
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