ealexandernyc
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Dain and Sheryl's home sold for $751,150. They owe $657,900 on their mortgage. What will their net be after they pay $24,500 in expenses and a 6.8% commission?

Respuesta :

sqdancefan
$751,150 -6.8%*751,150 -657,900 -24,500 = $17,671.80

Their net profit is $17,671.80.

Answer:

The net amount will be $17671.80.

Step-by-step explanation:

The selling price of the home = $751150

Mortgage payment = $657900

Expenses worth of = $24500

Now there is a 6.8% commission on sales price.

The commission is = [tex]0.068\times751150=51078.20[/tex]

Price after commission remains =[tex]751150-51078.20=700071.80[/tex] dollars

Subtract the mortgage that has to be paid =

[tex]700071.80-657900=42171.80[/tex] dollars

Now, subtracting the expenses to get the net amount =

[tex]42171.80-24500=17671.80[/tex] dollars

Therefore, the net amount will be $17671.80.

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