Real Estate Math
A Washington seller paid $340,000 for land and built improvements costing $180,000. They sell the property for $620,000. What is the profit?
A$90,000
B$100,000✓ Correct
C$280,000
D$440,000
Explanation
Total cost = $340,000 + $180,000 = $520,000. Profit = $620,000 − $520,000 = $100,000.
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