Real Estate Math
An Alaska investor buys a property for $200,000 and sells it two years later for $230,000. Selling costs are $14,000. What is the net profit?
A$16,000✓ Correct
B$30,000
C$44,000
D$46,000
Explanation
Net profit = Sale price − Purchase price − Selling costs = $230,000 − $200,000 − $14,000 = $16,000. Using the values given ($200,000, $230,000), apply the appropriate formula..
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