Real Estate Math
A property was purchased for $250,000, improved for $40,000, and sold for $330,000 with a 5% commission. What is the net profit?
A$23,500✓ Correct
B$23,800
C$23,400
D$24,500
Explanation
Total invested: $250,000 + $40,000 = $290,000. Commission: $330,000 × 0.
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