Question $1$

$4$ Points

You plan to hire a real estate broker to help you sell your property. Assume that the broker will charge a $3\mathrm{.}5\%$ commission. Disregarding all lien payoffs and other closing costs you may incur other than the commission, what purchase price must you obtain from a buyer in order to net the sum of $$225,000$ from the sale of your property?

Important instructions:

Round to the nearest ten dollars in your answer. $($I$.$e$.,$ your answer should read XXX$,$XX$0,$ obviously with each $"$X$"$ replaced by a number.$)$

Leave off the $"$$$"$ in your answer.

You must show your work in the "Additional content" section at the end of the assignment, either by writing out your calculations or by uploading a photo of your handwritten work. If you do not show your work, you will get $0$ points even if you submit the correct answer.