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Alona [7]
2 years ago
12

If a seller needs to net $50,000 after the sale, how much must the real estate sell for if the selling costs include a 7% commis

sion and $1,200 in other expenses
Business
1 answer:
Masja [62]2 years ago
4 0

Answer:

$55,054

Explanation:

Calculation for how much must the real estate sell for

Sales price =($50,000 + 1,200)/(100% - 7%)

Sales price=$51,200/0.93

Sales price =$55,053.76

Sales price =$55,054 (Approximately)

Therefore the amount that the real estate must sell for if the selling costs include a 7% commission and $1,200 in other expenses will be $55,054

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