Real Estate Math
A Delaware homeowner sells their home for $425,000 after owning it for 5 years. Original purchase price was $330,000. Selling costs total $28,000. What is the net gain?
A$95,000
B$67,000✓ Correct
C$57,000
D$87,000
Explanation
Gain = Sale Price − Purchase Price − Selling Costs = $425,000 − $330,000 − $28,000 = $67,000. Using the values given ($425,000, $330,000), apply the appropriate formula.. The correct answer is $67,000.. This is a common calculation on the Delaware real estate exam.
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