Question 534078
At $72.00/cwt, an average 750 lb steer would bring:
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{{{(750/100) * 72.00 = 540.00}}}
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And at an average of $540 per steer for 34 steers the total realized will be:
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{{{540.00 * 34 = 18360.00}}}
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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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{{{18360.00*0.03 = 550.80}}}
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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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