SOLUTION: If you sell 34, 750-pound steers at a sale barn for $72.00/cwt, how much commission would be charged if the rate is 3%?
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Question 534078: If you sell 34, 750-pound steers at a sale barn for $72.00/cwt, how much commission would be charged if the rate is 3%? Answer by bucky(2189) (Show Source):
You can put this solution on YOUR website! At $72.00/cwt, an average 750 lb steer would bring:
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And at an average of $540 per steer for 34 steers the total realized will be:
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So the total revenue from this sale for the 34 steers is $18,360 and the commission is 3% of that amount:
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That $550.80 is the commission to the broker/auction for making the sale.
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Hope this helps you to understand the problem.
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