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Profit = The amount Lisa paid - The amount Lisa earned = Sailing price - Broker's commission - Purchase price - Closing cost = $82,000 - 10% of $82,000 - $70,000 - 2% of $70,000 = $(82,000 - 8,200 - 70,000 - 1,400) = $2400jainrahul1985 wrote: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?
Lisa's profit is the following:jainrahul1985 wrote: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
OA B
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