Question

What is the selling price of a property if Christine Waite paid $350 for taxes due, has a $12,500 mortgage, paid a 6% broker commission, and netted $7,000 on the sale?

Answer 1

$21117.02

Explanation:

Let, the sale price be x

It is given that Christine Waite paid $350 for taxes $12500 mortgage and 65 broker commission

And netted $7000 on sale

So
`x-(6%\ of\ x)-350-12500=7000`

`x-0.06x-350-12500=7000`

`0.94x=19850`

x=$21117.02

So the selling price of the property will be $21117.02