Ann purchased a house for $ 178216. She wants to sell it for a profit of exactly 11%. However, she does not want to sell it herself. She wants a Real Estate Agent to sell it for her. The Agent must make a commission of exactly 5.8% (in addition to Ann's 11% profit). How much must the Agent sell the house for? Give your answer to the nearest dollar.

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Answers

2015-08-12T19:06:37+05:30
Answer :
    C.P  = $178216
   S.P = (100+11+5.8)%C.P
  or S.P = 116.8%C.P
or S.P =116/100*178216
 or S.P = 206730.56
Hence the  agent should sell the house at the cost of $206730.56.

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