Real Estate Math
A West Virginia property sold for $225,000. Closing costs were $4,500. The broker's commission was 6%. The original purchase price was $175,000. What was the net gain to the seller (ignoring taxes)?
A$31,000
B$32,000✓ Correct
C$31,500
D$33,000
Explanation
Commission = $225,000 x 0.06 = $13,500.
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