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777dan777 [17]
3 years ago
11

Natalie wants to make a 25% profit on her $70,000 land investment (there is no mortgage). She figures agents charge a 6% commiss

ion, and that closing costs will be an additional $1,200. What should she accept as a final sale price (to the nearest hundred)?
Business
2 answers:
Ksju [112]3 years ago
7 0

Natalie wants to make a 25% profit on a $70000 sale. That would be:

(125 ÷ 100) × 70000 = $87500.

Natalie wants to make $87500. But the agent would charge a 6% for the sale, Natalie will add a 6% to the $87500, that would be:

(106 ÷ 100) * 87500 = $92750.

On this $92750, there's a closing cost of $1200,

Add $92750 + $1200 = $93950.

$93950 to the nearest hundred will be $94000.

Natalie should make the final sale price $94000 in order to make a profit of %25.

krek1111 [17]3 years ago
6 0

Answer:

Final sale price = $94000

Explanation:

Price of investment = $70000

Profit accrued on investment = 1.25 * $70000= 87500

Agent commission= 6%

Agent commission = .06 * 87500

= $5250

Additional fee = 1200

Final sale price = $87500 +1200 + 5250 =93950 =$94000(nearest hundred)

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Eleanor has the lowest opportunity cost of completing the task. Opportunity cost of $80.

Explanation:

opportunity cost calculations

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What is cost Price formulas​
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Explanation:

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3 years ago
Hair Stylist Woes. Maryann went to see her hair stylist, Candy. Maryann, who had black, curly hair, requested straight, blond ha
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Investment can be increased both by reducing taxes on private saving and by reducing the government budget deficit.
Romashka [77]

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1. Increasing

2. A. The elasticity of private saving with respect to the after-tax real interest rate

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1. It is difficult to implement both of these policies at the same time because reducing taxes on private spending has the effect of <u><em>Increasing</em></u> the government budget deficit.

A Government budget deficit is acquired when the government spends more than it earns. The Government earns money from taxes and if it spends more than it receives in taxes, that will lead to a deficit. If taxes on Private spending are reduced, this will lead to less tax revenue for the government thereby increasing the Deficit.

2. All of the listed options are useful in determining which policy would be a more effective way to raise investment.

The elasticity of private saving with respect to the after-tax real interest rate refers to how much private saving changes in reaction to a change in the tax rates. This can enable one decide how much investment will be expected if the Government reduces or increases taxes.

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