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How much must the Agent sell the house for?

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Arun purchased a house for $ 149052. He wants to sell it for a profit of exactly 14%. However, he does not want to sell it himself. He wants a Real Estate Agent to sell it for his. The Agent must make a commission of exactly 5.6% (in addition to Arun's 14% profit).

How much must the Agent sell the house for?

posted Jul 15, 2014 by Brijesh Talwar

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1 Solution

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$ 179,434.76

Purchase price = $149,052.00
Add: 14% profit = $ 20,867.28
Total = $169,919.28
Add: 5.6% Com.= $ 9,515.48
Sell price = $ 179,434.76

solution Jul 15, 2014 by Kunal Shah

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