Asked by Linette

An owner lists her home at a 7% commission rate and wants to net $45,000 after paying the mortgage balance of $68,000 and the broker's commission. To the nearest dollar, what should the selling price be to net her $45,000?
Answered by Linette
45,000 net
+54,000 balance
=130,000/.93=$121,505

It this correct?
Answered by Henry
See previous post: Sat, 8-1-15, 5:01 PM.
Answered by Stella
You did a mistake on top in stead of $54,000 it should be $113,000. and then divided .93!
Answered by Yusef
Where does the .93 come from
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