Arun purchased a house for $ 149052. He wants to sell it for a profit of exactly 14%. However, he does not want to sell it himself. He wants a Real Estate Agent to sell it for his. The Agent must make a commission of exactly 5.6% (in addition to Arun's 14% profit).
How much must the Agent sell the house for?
$ 179,434.76
Purchase price = $149,052.00 Add: 14% profit = $ 20,867.28 Total = $169,919.28 Add: 5.6% Com.= $ 9,515.48 Sell price = $ 179,434.76
