Question

Owners of the 650 homes in a subdivision list their houses, on average, every six years. if a sales associate farms that neighborhood and lists 40% of the homes, how many homes can she expect to list this year

Answer 1

Down payment = 25% of $60,000 = $15,000

Savings per year (for six years) = $15,000 ÷ 6 = $2,500

Savings per month = $2,500 ÷ 12 = $208.34

Julie would need to save $208.34 per month for six years to have a 25% down payment on a $60,000 home.

So this is the answer

$208.34

Answer 2

There are 650 homes.
Owners list their homes on the average, every six years.
Therefore average number of homes listed per year is
650/6 = 108.333 homes

If a sales associate lists 40% of the homes in a year, she can expect to list
40%*108.333 = 0.4*108.333 = 43.33

We cannot have fractional homes, so the sales associate lists 43 homes per year.

Answer:  43 homes