Real Estate Math

A Florida seller purchased a home for $220,000 and is selling it for $275,000. After paying a 5% commission, what is the seller's profit?

A$41,250✓ Correct

B$55,000

C$35,062

D$38,750

Explanation

Commission = $275,000 × 5% = $13,750. Net proceeds = $275,000 − $13,750 = $261,250. Profit = $261,250 − $220,000 = $41,250.

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