Today's questionReal Estate Math
An investor bought a property for $150,000 and wants to sell it for a 15% profit. What must the sale price be?
- A. $172,500
- B. $127,500
- C. $150,000
- D. $22,500
Answer
Answer: A
Sale price = cost × (1 + profit%) = $150,000 × 1.15 = $172,500.
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