Asked by Linette

An owner lists his home and agrees to pay a 6% commission provided he nets $10,000 after paying the commission and the balance of his mortgage, which is $75,000. To the nearest dollar, what should the selling price be to net the owner his $10,000?
Answered by Writeacher
http://www.jiskha.com/display.cgi?id=1438463103
Answered by Linette
$75,000 Balance
+10,000 net
=85,000/.94=$90,425

Is this correct?
Answered by Reed
You can add the $75K and the 10K, then multiply the $85K by 0.06, then add that number to the $85K.
Answered by Reed
Well, then, I suppose add another 6% of the 6%.
Answered by Henry
Ps-0.06Ps = 75,000 + 10,000.
0.94Ps = 85,000.
Ps = $90,426 = Selling price.
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