Answered

Welcome to Westonci.ca, where finding answers to your questions is made simple by our community of experts. Get immediate and reliable solutions to your questions from a community of experienced experts on our Q&A platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

In a relatively new neighborhood with 345 homes, the median home price is $350,000. Last year, 58 houses were sold. The turnover index in this neighborhood is

Sagot :

Answer:

Turnover index = 17 % (Approx)

Explanation:

Given:

Total number of house = 345

Number of house sold = 58

Find:

Turnover index

Computation:

Turnover index = [Number of house sold/Total number of house]100

Turnover index = [58/345]100

Turnover index = [0.168115]100

Turnover index = 16.8115

Turnover index = 17 % (Approx)

We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Westonci.ca is committed to providing accurate answers. Come back soon for more trustworthy information.