An owner lists her home at a 7% commission rate and wants to net $45,000 after paying the mortgage balnce of $68,000 and the broker's commission. To the nearest dollar, what should the selling price be to net her $45,000?

Question

An owner lists her home at a 7% commission rate and wants to net $45,000 after paying the mortgage balnce of $68,000 and the broker's commission.  To the nearest dollar, what should the selling price be to net her $45,000?

Henry · Answer

Ps-0.07Ps = 6,8000 + 45,000. Solve for Ps, the selling price.