Answer:
$452,128
Step-by-step explanation:
Profit after selling = $100,000
Closing cost = $15,000
Debra owes $310,000 on loan
Sellers gross net = profit after sales + closing cost + loan
= $(100,000 + 15,000 + 310,000)
= $425,000
Since the commission is 6% , the sellers percentage = 100 -6
= 94%
= 0.94
Minimum listing price = 425,000/0.94
= $452,127.66
= $452,128
The minimum listing price Debra can agree to is $452,128
