Real Estate Math
An Oregon investor buys a home for $310,000 and sells it 3 years later for $370,000 after putting in $20,000 in improvements. What is the investor's profit?
A$60,000
B$40,000✓ Correct
C$20,000
D$80,000
Explanation
Total investment = $310,000 + $20,000 = $330,000. Profit = $370,000 − $330,000 = $40,000. Using the values given ($310,000, $370,000), apply the appropriate formula.. The correct answer is $40,000.. This is a common calculation on the Oregon real estate exam.
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