Real Estate Math
An Ohio broker's office collected $650,000 in gross commissions over the year. The broker's operating expenses were $280,000. What is the net income?
A$340,000
B$350,000
C$360,000
D$370,000✓ Correct
Explanation
Net income = $650,000 − $280,000 = $370,000. Using the values given ($650,000, $280,000), apply the appropriate formula..
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