The owner wants to net $40,000 upon selling the property. The commission is 7%, there will be $2,500 in closing costs, plus a $450 fee to the attorney. What does the property need to sell for to the the owner $40,000 net?

a) $215,716
b) $50,125.00
c) $200,555
d) $46,182.80

Answer: d) $46,182.80

Business

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Which of the following, if true, suggests that the less expensive clothing lines would damage the sales of the designers' high-end fashions?

A) Some designers of less expensive furniture have done business under a different name when producing high-end furniture. B) The clothing lines designed for women are, on average, more expensive than those designed for men. C) The media outlets chosen to advertise the less expensive versions would be different from those chosen for the high-end versions. D) The vast majority of people who would purchase the less expensive clothing lines would not even be aware of the existence of the more expensive versions. E) Purchasers of high-end fashion believe that no worthwhile designer would attempt to sell to a wide audience.

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