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Source: GMAT Prep
Lisa bought a house for $70,000 and paid closing costs equal to 2 percent of the purchase price. Later Lisa sold the house for $82,000 and paid a broker's commission equal to 10 percent of the selling price. What was Lisa's profit from the two transactions?
A. $2,160
B. $2,400
C. $3,600
D. $3,800
E. $12,000
The OA is B
Lisa bought a house for $70,000 and paid closing costs equal to 2 percent of the purchase price. Later Lisa sold the house for $82,000 and paid a broker's commission equal to 10 percent of the selling price. What was Lisa's profit from the two transactions?
A. $2,160
B. $2,400
C. $3,600
D. $3,800
E. $12,000
The OA is B
