Christopher has hired a real estate broker to help facilitate the sale of his home. Realizing that Christopher is most likely go
1 answer:
Answer:
4.0%
Explanation:
Given that gross sale value = $364,583
And net sale value after commission = $350,000
The commission paid to the broker = $364,583 less $350,000 = $14,583.
Therefore the commission rate
=
= 14,583/364,583
= 4.0%.
The brokers commission is usually computed on the Gross Sale Value, and not the net sale value.
You might be interested in
Answer:
Consider the following explanation
Explanation:
Please note that if cash requirements are combined, mean requirement of combined entity can be simply summed up, but same is not true for standard deviation as it is not additive.
So first we need to calculate the variance by taking square of SD, then we sum it for all the location to get variance of combined entity and then we take square root again to get the SD of combined entity.
Keep in mind that we can take a simple summation of variance due to the fact that requirement in different locations are independent of each other and their correlation coefficient is = 0.
Solution is given through following image sheet -
