Say I have listed my house for sale for $100,000 and I would like to net 90% of my asking price. I have to pay a 2% commission to the buying agent and that commission will be taxed at 13%. How do I calculate this? Also how does the calculation change if the full sale price is taxed and not just the 2% commission.
If s is my selling price, a is my original asking price, p is my desired net percentage, c is my commission rate, and t is the tax rate on my commission then I think it should be something like:
But I don't see how I can reduce this to a reusable equation where I can just plug in the variables and get s.