For a training exercise on broker pricing, Maya assigns weights of 50%, 30%, and 20% to three already adjusted comparable values of $420,000, $430,000, and $440,000. What weighted value indication does the exercise produce?
Correct Answer
B) $427,000
Step 1: Weight Comparable 1: $420,000 × 50% = $210,000. Step 2: Weight Comparable 2: $430,000 × 30% = $129,000. Step 3: Weight Comparable 3: $440,000 × 20% = $88,000. Step 4: Add the weighted amounts: $210,000 + $129,000 + $88,000 = $427,000.
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