Question

A property that offers a 7.5 percent return on the listing price has a monthly net of $810.

The property is listed at

Answer 1

$129,600

Explanation:

Given that

The return percentage is 7.5%

And, the monthly net is $810

We need to find the property listed price

Since we assume that the return percentage is on annual basis

So, for monthly, it is

= 7.5% ÷ 12

= 0.625%

Now the property listed price is

= $810 ÷ 0.625%

= $129,600