Real Estate Math
A Kansas investor buys a property for $125,000 and spends $25,000 on improvements, then sells for $175,000. What is the gross profit?
A$50,000
B$25,000✓ Correct
C$150,000
D$75,000
Explanation
Total invested = $125,000 + $25,000 = $150,000. Gross profit = $175,000 - $150,000 = $25,000.
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