SOLUTION: Tp be able to afford the house of their dreams, dave and leslie must clear $128,000 from the sale of their first home. If they pay $780 in closing costs, and 6% of the selling pri

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Tp be able to afford the house of their dreams, dave and leslie must clear $128,000 from the sale of their first home. If they pay $780 in closing costs, and 6% of the selling pri      Log On

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Question 943674: Tp be able to afford the house of their dreams, dave and leslie must clear $128,000 from the sale of their first home. If they pay $780 in closing costs, and 6% of the selling price for the sales commission, then what is the minimum selling price of their first home for which they will get $128,000?
Found 2 solutions by rfer, MathTherapy:
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
128000/0.94+780=136,950

Answer by MathTherapy(10551) About Me  (Show Source):
You can put this solution on YOUR website!

Tp be able to afford the house of their dreams, dave and leslie must clear $128,000 from the sale of their first home. If they pay $780 in closing costs, and 6% of the selling price for the sales commission, then what is the minimum selling price of their first home for which they will get $128,000?

Minimum amount: highlight_green%28%22%24%22137000%29