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Fudgin [204]
3 years ago
10

Karen made a commission of $3522.75 on the sale of a property. Splitter commission clear with her broker which is 50% to the bro

ker and 50% Karen. Broker took 55% of the total commission on a 7% commission rate. What was the sale price of the property?
Business
1 answer:
Mademuasel [1]3 years ago
4 0

<u>Answer:</u>

<em>$50,325 is the sale price of the property</em>

<u>Explanation:</u>

Karen made a commission of $3522.75 on the sale of a property. Splitter commission clear with her broker which is 50% to the broker and 50% Karen. Broker took 55% of the total commission on a 7% commission rate.

So not considering the commission for a while if we divide commission by the commission rate we will get the sale price.

                                    $3522.75/0.07= $50,325.

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Identify whether or not each of the following scenarios describes a competitive market, along with the correct explanation of wh
viva [34]

Answer:

1. not a competitive market

2. not a competitive market

3. competitive market

4. not a perfectly competitive market

Explanation:

To answer this question, i will first start by explaining what a competitive market is and the assumption of a perfectly competitive market as well

A competitive market is a market that has many producers and buyers of a particular product. The producers are usually in a competition to meet up with the needs of the buyers.

some assumptions of the market:

  • large sellers/producers
  • identical or homogenous goods
  • free entry
  • no discrimination
  • perfect knowledge

a. in this question this is not a competitive market. the reason is simple. It says that there are only two providers of internet. So there are no enough producers or sellers

b. The government has limited entry into this market by giving patent to only one pharmaceutical company.

c. yes this market is competitive since there are many producers of the product and the consumers regard the products as identical or homogenous. this meets with all of the assumptions of a perfectly competitive market.

d. the product here is not homogenous or identical as this is not a perfectly competitive market since buyers would prefer to buy the coffee that tastes better and leave that of the competitors

thank!

8 0
3 years ago
: An item has a price tag of $35 and another tag that says, "20% Off." What is the sale price?
Lynna [10]
So 20 percent of 35 is 7.

Look at it this way:
20%
20*5=100

35 divided by 5 is 7.

So the sale price we would take7 from 35 to get 28.00 which is your answer.

Ps don't do it the way i did because i already knew the answer,and the way i worked it out worked this one time but there are no gaurentees for the next.

You must be wondering why we subtracted that 7 from 35 and why 7 isn't the full answer. Well, 7 was the factor, basically every 20 percent you would subtract 7. So if it were 40% off it would be 14. Or 60 percent would be 21. You subtract that number from the original price to get the sale which in this case is 28.00

Your answer: 28.00

Hope this helped!:)
4 0
3 years ago
Identify an advertisement or commercial that targets only one of the generational groups. Describe the promotion in detail and i
rjkz [21]

Answer: Commercial washing soaps

Explanation: The target of these commercials can be aimed at housewives, commercials tend to highlight the characteristics of how the clothes will look after the use of the product, such as effectiveness, freshness, softness and smell.

Housewives or people in charge of doing laundry at home, in turn, look for an effective product that can alleviate the time it takes to perform this household work.

7 0
3 years ago
a bond issue with a face amount of $500,000 bears interest at the rate of 10%. the current market rate of interest is also 10%.
timofeeve [1]

The Bond will sell at a price that is equal to $500,000 (OPTION A).

Bond: Bonds are fixed-income securities that reflect loans from investors to borrowers (typically corporate or governmental).

A bond can be compared to an agreement outlining the terms of the loan and the associated payments between the lender and borrower.

Interest rates and bond prices are inversely correlated. Accordingly, bond prices decrease as interest rates rise and increase when interest rates fall.

In a portfolio, bonds continue to offer these advantages whether yields are rising or dropping. I mean, both stocks and bonds may experience a short-term price fall during times of rising interest rates. The price of the bonds will decrease as they react to increased interest rates.

To learn more about Bonds, visit the following link:

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7 0
1 year ago
The Food Max grocery store sells three brands of milk in half-gallon cartons—its own brand, a local dairy brand, and a national
nignag [31]

Answer:

O = amount of own brand

L = amount of local brand

N = amount of national brand

maximize = 0.97O + 0.83L + 0.69N

constraints:

space ⇒ O + L + N = 324

N ≥ O + L

N ≥ 3O

L ≤ 120

O,L,N ≥ 0

O,L,N are integers (whole numbers)

optimal solution using Solver = 540 + 108L + 162N

maximum profit = $253.80

7 0
3 years ago
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