Question

. Zeek sells 5 sections of land for $3,500 per acre. What would the commission be to his brokerage at a rate of 4% of the sales price?

Answer 1

The commission to Zeek's brokerage would be $700.

Step-by-step explanation:

To calculate the commission, we first need to find the total sales price of the 5 sections of land. Since each acre is sold for $3,500, and there are 5 sections, we can calculate the total sales price as:

Total sales price = Price per acre * Number of acres

Total sales price = $3,500 * 5 = $17,500

Next, we can calculate the commission by taking 4% of the total sales price:

Commission = 4% * Total sales price

Commission = 4% * $17,500 = $700

Therefore, the commission to Zeek's brokerage would be $700.