An owner says that he needs to net $25,000 from the sale of his home, where he still owes $253,000. Broker Bailey accepts the li

Question

2 years ago

10

An owner says that he needs to net $25,000 from the sale of his home, where he still owes $253,000. Broker Bailey accepts the li

sting with permission to offer the home for sale at a commission of 6%. What will be the minimum contract price needed to satisfy the seller's needs and pay a 6% commission to Broker Bailey, assuming closing costs of $4,000?a.$272,420b.$282,000c. $298,920d.$300,000

Mathematics