A real estate broker has a listing where the seller agreed to should capital gains tax and broker's 5% commission. At how much should the broker sell the property in order that the seller will realize a net proceed of P4,895,000.00?
A real estate broker has a listing where the seller agreed to should capital gains tax and broker's 5% commission. At how much should the broker sell the property in order that the seller will realize a net proceed of P4,895,000.00?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![A real estate broker has a listing where the
seller agreed to should capital gains tax and
broker's 5% commission. At how much
should the broker sell the property in order
that the seller will realize a net
proceed of P4,895,000.00?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7f3373ad-27b9-4e71-b087-871ea853e011%2F96aaa16c-1a34-452a-8b56-a8a0eec4361c%2Fkfckgqs_processed.png&w=3840&q=75)
Transcribed Image Text:A real estate broker has a listing where the
seller agreed to should capital gains tax and
broker's 5% commission. At how much
should the broker sell the property in order
that the seller will realize a net
proceed of P4,895,000.00?
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