Suppose You Are Interested in Selling Your Home and Would

question 29

Multiple Choice

Suppose you are interested in selling your home and would like to clear a net value of $300,000. If you have agreed to pay your broker a commission of 5.5% (no matter who ultimately is responsible for finding the buyer) , what price must you sell the home for in order to meet your net profit (rounded to the nearest dollar) ?

• A) $282,540
• B) $300,000
• C) $316,500
• D) $317,460

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Definitions:

Parent

A caretaker of offspring in their own species; also involves the guidance, care, and emotional support of a child.

Worker

An individual engaged in a specific activity or employment, especially for wage or salary.

Benefits

Advantages or positive outcomes that can result from certain actions, policies, or circumstances.

Equality

The state of being equal, especially in status, rights, or opportunities.