# Real Estate

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?

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1. http://www.jiskha.com/display.cgi?id=1438463103

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Writeacher
2. \$75,000 Balance
+10,000 net
=85,000/.94=\$90,425

Is this correct?

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3. You can add the \$75K and the 10K, then multiply the \$85K by 0.06, then add that number to the \$85K.

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4. Well, then, I suppose add another 6% of the 6%.

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5. Ps-0.06Ps = 75,000 + 10,000.
0.94Ps = 85,000.
Ps = \$90,426 = Selling price.

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