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MATH PRACTICE #1
1. A parcel of land is 100' wide and 175' deep. It sold for $400
per front foot. 2. A property is listed for sale at $80,000. The cost was 75% of the listed 3. A house sold for $200,000. The commission is 7% and is divided as 4. From #3 above, how much did the broker receive? 5. A seller wishes to net $75,000 after the sale of his property. How much 6. An owner sold their property for $98,000. They made a profit of 12%. 7. The selling price of a property is $125,000. The buyer will put 15% down 8. What is the selling price of a house of the salesperson received $3,000 as 9. A seller paid $75,500 for a house. She now wants to sell it at a 20% profit 10. A property is 198' deep and is ½ acre. It sold for $30,000. How much did |
MATH PRACTICE #1 1. A parcel of land is 100' wide and 175' deep. It sold for $400 per front foot. 100 X $400 = $40,000 X .12 = $4,800 X .55 = $2,640 2. A property is listed for sale at $80,000. The cost was 75% of the listed $80,000 X .75 = $60,000 COST $80,000 - 60,000 = 20,000 PROFIT 20,000/60,000 = .33 3. A house sold for $200,000. The commission is 7% and is divided as $200,000 X .07 = $14,000 COMM X .10 = $1,400 4. From #3 above, how much did the broker receive? 14,000 - 1,400 = 12,600/2 = 6,300 5. A seller wishes to net $75,000 after the sale of his property. How much 75,000 + 1,000 = 76,000/.95 = 80,000 6. An owner sold their property for $98,000. They made a profit of 12%. 98,000 / 1.12 = 87,500 7. The selling price of a property is $125,000. The buyer will put 15% down 125,000 X .15 = 18,750 125,000 - 18,750 = 106,250 X .02 = 2,125 + 18,750 = 20,875 8. What is the selling price of a house of the salesperson received $3,000 as 3,000 X 2 = 6,000 COMM / .06 = 100,000 9. A seller paid $75,500 for a house. She now wants to sell it at a 20% profit 75,500 X 1.20 = 90,600 / .95 = 95,368.42 10. A property is 198' deep and is ½ acre. It sold for $30,000. How much did 43,560 / 2 = 21.780 SF / 198 = 110 FRONTAGE 30,000 / 110 = 272.72 |