Real Estate Math Ch 2

A house sold for $96,500, which was 96% of the list price. What was the list price?

$100,520.83

What was the sale price of a property listed for $130,000 and sold for 95% of list price?

$123,500

A property sold for $185,000, which represented a profit of 25%. What was the original cost?

$148,000

A property that cost $125,000, must be sold at what price to show a 20% profit?

$150,000

An owner offers to list with you on the basis that he receives $135,250. If you feel a 6% commission is justified and that closing costs will be equal to 5% of the selling price, you should suggest a list price of how much?

$151,966.29

A seller paid $132,000 for a residence. The seller wants to list it at a 20% profit. What is the listing price?

$158,400

After deducting $5,000 in closing costs and a 5% broker's commission, the seller netted $170,750. What was the sales price of the house?

$185,000.00

A house sold for $167,670, which was 90% of the list price. For what was the house listed?

$186,300

A seller nets $194,000 at closing after paying $2,000 in closing costs and paying the broker *a brokerage fee equal to 7% of the selling price. For how much did the property sell? (Round to the nearest dollar)

$210,753

What would a property have to sell for in order to net the seller $214,414 after deducting a 6% commission?

$228,100.00

A property sold for $250,000. What did the seller net after paying a 5.5% commission and $6,250 in other closing cost?

$230,000

How much does the seller net after paying the broker a 6.5% fee and $3,200 inclosing costs on a sales price of $342,300?

$316,850.50

What did a vacant lot sell for if the seller netted $47,000 after paying a 6% commission?

$50,000

Tara Harrington wants to sell a lot at a 22% net profit. She purchased the lot for$65,450. In order to give Ms. Harrington her desired profit and in order for her to pay her broker an 8% brokerage fee, what must the selling price be?

$86,792.39

A seller netted $82,365 after paying a 7% commission and $2,500 in other costs. What was the sale price?

$91,252.69

A house was purchased for $130,000 and later sold for $149,500. What was the percent of profit?

15%

You bought a lot for $85,000 and sold it one month later for $100,000. What percent of profit did you realize?

17.65%

A house was purchased for $80,000 and later sold for $100,000. What was the percent of profit?

25%

What is the percent of profit on a house, which cost $212,000 and sold for $265,000?

25%

A house sold for $225,000 and the seller netted $211,500 after paying a commission. What was the rate of commission?

6%