Real Estate Math
A Delaware investor buys a property for $275,000, spends $35,000 in renovation, and sells it for $365,000 with $18,000 in selling costs. What is the net profit?
A$37,000✓ Correct
B$51,000
C$55,000
D$43,000
Explanation
Total investment = $275,000 + $35,000 = $310,000. Net proceeds = $365,000 − $18,000 = $347,000.
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