



 
Hi Steve, You have done most of the work to get $300,000 + 6% of SP = SP. 6% of SP is 0.06 × SP and hence you have
Now you need to do a little algebra to solve for SP. First subtract 0.06 × SP from both sides to get
Then divide both sides by 0.94 and you find
So ask $320,000 and see what happens. Penny  


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