All categories

2 years ago

A house sold for $165,000, and the total commission received by the broker was $13,200. What was the rate of commission?

Business

1 answer:

andrey2020 [161]2 years ago

7 0

Answer:

the rate of commission is 8%

Explanation:

The computation of the rate of commission is shown below:

Rate of commission is

= Commission received by the broker ÷ Sale value of the home

where,

The Commission received by the broker is $13,200

And, the sale value of the home is $165,000

Now put these values to the above formula

So, the rate of commission is

= $132,00 ÷ $165,000

= 8%

Hence, the rate of commission is 8%

You might be interested in

Your project to obtain charitable donations is now 30 days into a planned 40-day project. The project is divided into three acti

adell [148]

Answer:

1. schedule variance = -$52,500

2. SPI = 0.65

3. CPI = 0.56

Explanation:

to get the solution, we calculate for BRWS and BRWP

first we calculate the budgeted revenue of the work scheduled for each activity using this formula:

budgeted revenue * planned completion

A = 25,000 x 100percent

= $25000

B = 150,000 x (25/30) percent

= $125000

C = 50000 x 0percent

= 0$

total = $25000+$125000+$0

= $150000

Next we calculate budgeted revenue of work performed (brwp)

calculated using this formula:

budgeted revenue x actual completion

A = 25000 x 90percent

= 22500 dollars

B = 150000 x 50percent

= $75000

C = 50000 x 0%

= $0

total = 22500 + 75000 + 0

= $97500

1. schedule variance = BRWP - BRWS

= $97500 - $150000

= -$52500

we have a negative schedule, telling us that the project is behind schedule

2. schedule performance index = revenue of work performed divided by revenue of work schedule

= 97500/150000

= 0.65

3. cost price index = revenue of work performed divided by actual revenue

= 97500/175000

= 0.56

4. how the project is going:

the schedule performance index (SPI) is 0.65 which is less than 1. this is to say that the project is doing better than planned revenue when we talk of revenue

4 0

1 year ago

Lesson 6 problem-solving practice sales tax, tips, and markup 1. skateboards inez wants to buy a skateboard but she does not kno

notsponge [240]

After you multiply 7% to 80 you will be left with 5.60, then you add 5.60 to 80 to get $85.60. So if she has any more than $85.60 then she will be able to buy the skateboard

6 0

2 years ago

Read 2 more answers

Campbell Soup uses electronic networks to improve the efficiency of outbound logistics. These networks also helped Campbell Soup

Reil [10]

Answer:

a Value-Chain Analysis

Explanation:

A value-chain analysis is a model that helps to describe the full range of activities needed to create a product from the conception i.e. the procurement of raw materials, manufacturing functions, marketing and the distribution of the products which leads to an increase in production efficiency so that a company can deliver maximum value for the least possible cost.

8 0

2 years ago

Steve is good at setting up and managing groups of computers for large cities. In which Information Technology career pathway is

olchik [2.2K]

Steve is good at setting up and managing groups of computers for large cities. In which Information Technology career pathway is he most likely to get a job? Steve would most likely get a job in the computer engineering career field if he is good at setting up and managing groups of computers for large cities. This type of job requires someone who is computer savvy, understands what could happen and how to fix it so a large company that runs in large cities are not without computer access for too long. A computer engineer designs and develops computer systems and other tech devices.

5 0

2 years ago

Read 2 more answers

The automobile industry in a developing country has very few sellers. If one automobile company raises the prices of its trucks

Alborosie

Answer:

The correct answer is B. an oligopoly.

Explanation:

An oligopoly is a market structure where there are few relevant competitors and each of them has some capacity to influence the price and amount of equilibrium.

In the oligopoly, competitors have market power, but at a lower level than in the case of monopoly. This, since, instead of having only one bidder, there is a small group of companies.

This means that although each of the companies has an influence on the market price and quantity (they do not take it as given), the freedom to choose the level of these variables is limited by the existence of other competing firms. A special case of oligopoly is the duopoly, where there are only two bidders.

3 0

2 years ago

Read 2 more answers