math

A salesman's half of a 5% commission for the sale of a 320 acre ranch at a cost of $1750 an acre would equal how much at settlement ?

wildlife

A. $14,000

320 acres
times
1750 an acre
=
560000 total cost for the ranch
times
0.05 or 5% commission rate
=
28000 in total commission
divided by
2
=
14000 half of the commission

 
Posted by David Saks - Broker on 01/18/2009 08:10 PM   Comments (0)   Real Estate Math in the ActiveRain Channel   real estate math  
Originally posted at: David Saks: Real Estate Math Class : Lesson 199
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David Saks - Broker

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