First,
calculate the area of the vacant land by multiplying the given dimensions.
<span> Area = (80
ft)(200 ft) </span>
<span> Area
= 16000 ft^2</span>
Then,
multiply the calculated area with the given price per ft^2.
<span> Total
price = ($2000/ft^2)(16,000 ft^2)</span>
<span> Total price
= $32,000,000</span>
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.
<span> =
(0.6)($3,200,000)</span>
<span> =
<span>$1,920,000</span></span>
