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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?

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?

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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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?
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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