Respuesta :
After closing expenses of $2,250 and a 7% commission, the sale price was $300,000.The sale price was $300,000.
Given,
Seller netted $276,750
After closing expenses of $2,250
Commission - 7%
Thus,
Subtract any refunds (insurance assumption, prepaid rents) due to the seller.
100% - 7% = 93%
Add expenses (mortgage, closing costs) to what the seller wants to net, and then divide the amount above by the aggregate of the commission.
Here, $276,750 + $2,250 = $279,000
$279,000 ÷ 93% = $300,000
Hence, after closing expenses of $2,250 and a 7% commission the sale price was $300,000.
A sale price is the discounted price at which goods or services are being sold. This price is usually offered for a limited period of time to sell off excess inventory.
To learn more about sale price here:
https://brainly.com/question/11183523
#SPJ4
