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melisa1 [442]
2 years ago
12

The brooks' paid-off property sold for $247,600. what will they net after paying a 7.5ommission to their broker?

Business
1 answer:
Ronch [10]2 years ago
3 0

They will pay net $229,030 after paying a 7.5% commission to their broker.

<h3>What is commission?</h3>
  • Commissions are a type of variable-pay compensation for provided services or sold goods.
  • Commissions are a typical method of encouraging and rewarding salespeople. It is also possible to create commissions to promote particular sales behaviors.
  • For instance, when offering significant discounts, commissions might be decreased.
  • When you buy, you normally pay a commission, and when you sell, you typically pay another commission. Investment commissions are not regarded by the IRS as a tax-deductible item.
  • Instead, the commission is included in the cost basis of the investment, giving you a small tax break.
<h3>Calculation of net payment:</h3>

= 100% - 7.5%

= 92.5%

= $247,600 x 92.5%

= $229,030

Hence, they will pay net $229,030 after paying a 7.5% commission to their broker.

Learn more about commision here:

brainly.com/question/20987196

#SPJ4

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If Highway 55 Studios can reduce fixed expenses by ​, by how much can variable expenses per unit increase and still allow the co
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Answer:

$2.25

Explanation:

Please check the attached image for the full question used in answering this question

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