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Circle above 6 than an arrow going behind 6
Answer:
commission = $4,240 ; A
Step-by-step explanation:
Given:
- Property listed value = $112,000
- The listing period value = $106,000
- Commission = 4%
Find:
How much commission, if any, would Lucky Nines Real Estate Company be entitled to at closing?
Solution:
- We need to know that the commission is gained on the sold value of listing period not the listed value originally. Hence, the amount of commission paid is:
commission = Rate*listing period value
commission = 0.04*$106,000
commission = $4,240
Sorry from seventh standard so don’t know
