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3 years ago

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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

1 answer:

gulaghasi [49]3 years ago

6 0

Answer:

$300,000

Step-by-step explanation:

We want a contract price p that will satisfy ...

p - 0.06p -4000 -253000 = 25000

0.94p = 282000

p = 300,000

Bailey needs to obtain a contract with a price of at least $300,000.

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Step-by-step explanation:

step 1

Find the vertex

we know that

The equation of a horizontal parabola in the standard form is equal to

$(y - k)^{2}=4p(x - h)$

where

p≠ 0.

(h,k) is the vertex

(h + p, k) is the focus

x=h-p is the directrix

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step 2

we have

$x+83=(y+9)^{2}$

<em>Find the value of p</em>

$4p=1$

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<em>Find the focus</em>

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step 3

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substitute

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