Real Estate Math
A home was purchased for $200,000. The owner makes improvements worth $30,000. The home sells for $250,000. What is the profit?
A$20,000✓ Correct
B$50,000
C$30,000
D$25,000
Explanation
Total investment = $200,000 + $30,000 = $230,000. Profit = $250,000 − $230,000 = $20,000.
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