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Andrei [34K]
3 years ago
13

Katie is about to list her house as For Sale By Owner. Suppose she needs to allow for a 6% commission for the buyer's realtor, a

nd she needs to receive a minimum of $228,100 on the sale. What is the minimum Katie can list the house to accommodate both of these requirements? Round to the nearest hundred dollars.
Mathematics
1 answer:
Andrew [12]3 years ago
3 0

Answer:

Minimum = \$241786

Step-by-step explanation:

Given

Amount = \$228,100

Commission = 6\%

Required

Determine the minimum Katie will list the house

The given minimum is the minimum she can receive for the house after commission

To calculate the listing minimum, we make use of the following:

Minimum = Amount + Commission * Amount

Minimum = \$228,100 + 6\% * \$228,100

Minimum = \$228,100 + \$13686

Minimum = \$241786

<em>The minimum She can list the house is $241786</em>

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