Real Estate Math
A Kansas property was purchased for $225,000. After improvements costing $35,000, it sells for $310,000. Commission is 5.5%. What is the net profit before taxes?
A$32,550
B$32,950✓ Correct
C$33,950
D$34,950
Explanation
Commission = $310,000 × 0.055 = $17,050.
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