Question: Phil Dunphy, a real estate agent, is considering whether he should list an unusual $515,419 house for sale.If he lists it, he will need to

Phil Dunphy, a real estate agent, is considering whether he should list an unusual $515,419 house for sale.If he lists it, he will need to spend $5,975 in advertising, staging, and fresh cookies.The current owner has given Phil 6 months to sell the house.If he sells it, he will receive a commission of $19,302.If he is unable to sell the house, he will lose the listing and his expenses.Phil estimates the probability of selling this house in 6 months to be 60%.What is the expected profit on this listing?

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