For what price must a house sell if the seller is to net $30,000 after paying $1,500 in settlement and the broker's commission of 6% (rounded to the nearest dollar)?
A) $30,000
B) $32,011
C) $32,300
D) $33,511

Question

Quizplus · Accepted Answer

After paying a 6% commission the seller had 30,000 + 1,500 left. So 31,500 (30,000 + 1,500)is 94% of the sales price. So 31,500/.94 = 33,511 (rounded).

For What Price Must a House Sell If the Seller