Real Estate Math
A Colorado seller purchased their home for $320,000 and is selling it for $415,000. After paying a 6% commission, what is the seller's profit?
A$70,100✓ Correct
B$95,000
C$70,000
D$69,900
Explanation
Sale price after commission = $415,000 × (1 − 0.06) = $415,000 × 0.94 = $390,100. Profit = $390,100 − $320,000 = $70,100.
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