Answer:
The net amount received is 7,120,000
Step-by-step explanation:
The computation of the net amount received is shown below:
= Sale value of the house - real agent commission - expenses
= 8,000,000 - 8,000,000 × 5% - 8,000,000 × 6%
= 8,000,000 - 400,000 - 480,000
= 8,000,000 - 880,000
= 7,120,000
Hence, the net amount received is 7,120,000
The same is relevant
