Real Estate Math
A Utah home sells for $485,000. The sellers purchased it for $310,000 five years ago. After paying a 6% commission, what is their approximate gross profit before taxes?
A$145,900✓ Correct
B$175,000
C$165,400
D$131,400
Explanation
Commission = $485,000 × 6% = $29,100. Net proceeds = $485,000 - $29,100 = $455,900.
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