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Imagine you find a property with a market value of $330,000, and the seller agrees tosell it to you for $275,000. You flip the purchase and sale agreement to anotherinvestor for a fee equal to 10% of the profit in the deal. How much is your fee?O $3,300.O $2,750.$33,000O $5,500

Imagine you find a property with a market value of 330000 and the seller agrees tosell it to you for 275000 You flip the purchase and sale agreement to anotheri class=

Respuesta :

First let's calculate the profit in the deal, subtracting the market value and the selling value:

[tex]330000-275000=55000[/tex]

So the profit is $55,000.

Now, calculating the fee of 10% of the profit, we have:

[tex]10\text{\% of }55000=0.1\cdot55000=5500[/tex]

So the fee is $5,500, therefore the correct option is the fourth one.

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