Ask Question
20 July, 09:22

A parcel of vacant land 80 feet wide and 200 feet deep was sold for $2000 per front foot. how much money would a broker receive for her 60% share in the 10% commission?

+5
Answers (1)
  1. 20 July, 11:55
    0
    First, calculate the area of the vacant land by multiplying the given dimensions.

    Area = (80 ft) (200 ft)

    Area = 16000 ft^2

    Then, multiply the calculated area with the given price per ft^2.

    Total price = ($2000/ft^2) (16,000 ft^2)

    Total price = $32,000,000

    The 10% commission of selling the land is equal to $3,200,000.

    The money that the broker will receive will be 60% of the commission.

    = (0.6) ($3,200,000)

    = $1,920,000
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A parcel of vacant land 80 feet wide and 200 feet deep was sold for $2000 per front foot. how much money would a broker receive for her 60% ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers