#2863
The net amount a seller received for his property, after the broker had deducted a sales commission of 5% and an allowance of 400 dollars for advertising, was $908,000.
What was the selling price of the house ?
Take your time. The solution is posted below the wildlife photograph.
A. $956210.53
Add the 400 dollars for the advertising to the amount the seller received to get a total of 908,400 and then divide that number by .95 (subtract the 5% commission rate from 100%) .
908400
/
0.95
=
956210.526316 or $956,210.53 rounded
Comments(0)