Real Estate Math
A Hawaii lot costs $380,000. A developer builds a home for $520,000. If total value is $980,000, what is the profit?
AA. $80,000✓ Correct
BB. $100,000
CC. $130,000
DD. $120,000
Explanation
Total cost = $380,000 + $520,000 = $900,000. Profit = $980,000 - $900,000 = $80,000. Using the values given ($380,000, $520,000), apply the appropriate formula.. The correct answer is A. $80,000.. This is a common calculation on the Hawaii real estate exam.
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