Respuesta :
The selling price of the property is $276,595.74
What does net of $10,000?
Net of $10,000 means that the seller wants a profit of $10,000 when the property is sold.
The fact that brokers would charge 6%, means that the loan balance and the net of $10,000 constitutes 94% of the selling price and by adding the brokers' commission of 6%, we would arrive at the selling price of the property which is 100%(i.e. 94%+6%).
94% of selling price=loan balance+ net
loan balance=$250,000
net=$10,000
94% of selling price=$250,000+$10,000
94% of selling price=$260,000
divide both sides by 94% to arrive at the selling price
selling price=$260,000/94%
selling price=$276,595.74
Find out more about property selling price on:https://brainly.com/question/13171394
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