Question

A proprrty sells for 130,000. 6% in commission is paid and 800.00in closing cost what are the net proceeds

Answer 1

Net proceeds is the amount of money a seller will receive after the sale of a home.
It is calculated by taking the sale price of a home and subtracting all selling costs.
The cost will be given by:
(commission payeded)+(closing cost)
commission=(percentage commission)/100*total sales
=6/100*130000
=7800
cost=7800+800=$8600
thus net proceeds=130000-8600=$121,400