Thank you for visiting Sydney wants to net 125 000 after paying a 6 commission to the brokerage hired to sell the property What does Sydney have to sell. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!
Answer :
To net $125,000 after a 6% commission, Sydney must sell her house for approximately $132,978.72.
Sydney needs to calculate the listing price of her house taking into account the brokerage commission to net her desired amount of $125,000. Since the commission is 6%, Sydney will receive 94% (100% - 6%) of the selling price.
Formula to calculate the selling price:
Net Amount = Selling Price - (Selling Price * Commission Rate)
$125,000 = Selling Price * (1 - 0.06)
$125,000 = Selling Price * 0.94
Selling Price = $125,000 / 0.94
Selling Price = $132,978.72 (rounded to two decimal places)
Therefore, Sydney has to sell her house for approximately $132,978.72 to net $125,000 after the 6% commission.
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Rewritten by : Jeany
