Real Estate Math (alternative)
A Maryland seller paid $240,000 and sells for $330,000 after paying $19,000 in total selling costs. Net profit is:
A$71,000✓ Correct
B$90,000
C$109,000
D$330,000
Explanation
Net profit = Sale price – Purchase price – Selling costs = $330,000 – $240,000 – $19,000 = $71,000. Using the values given ($240,000, $330,000), apply the appropriate formula..
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