Real Estate Math
A Washington investor purchases a property for $650,000, makes $75,000 in improvements, and sells for $850,000. What is the total profit (before tax)?
A$125,000✓ Correct
B$150,000
C$175,000
D$200,000
Explanation
Total cost = $650,000 + $75,000 = $725,000. Profit = $850,000 − $725,000 = $125,000.
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