Real Estate Math
A Mississippi investor buys a property for $150,000, spends $25,000 on improvements, and sells for $210,000 after paying 6% commission and $2,500 in closing costs. The net profit is:
A$32,900
B$20,000✓ Correct
C$35,000
D$19,900
Explanation
Commission = $210,000 × 0.06 = $12,600.
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