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A seller wants to net $165,000 from the sale of a house after paying the broker's fee of 6% and other closing costs of $2,635. The seller's gross sales price will be

Sagot :

anthougo

Since the seller wants to net $165,000 from the house sale after closing costs and broker's fee, the gross sales price will be $178,335.

Data and Calculations:

Net sales price = $165,000

Closing costs = $2,635

Broker's fee rate = 6%

Gross sales price = $178,335 ($167,635 /1 - 6%)

Broker's fee in dollars = $10,700 ($178,335 x 6%)

Thus, if the seller wants to net $165,000 from the house sale after closing costs and broker's fee, the gross sales price will be $178,335.

Learn more about Gross Sales Price here: https://brainly.com/question/716654

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