TREC Texas Real Estate Commission Exam

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A lot was purchased as an investment for $10,500 and sold a year later at a loss of 20%. If the owner paid a 10% commission, what was the owner's net loss on the sale

$$2,940 10500x.30= 2,100 8400x.10=840 2,100+840=2,940 $$2,940 10500x.20= 2,100 8400x.0=840 2,100+840=2,940 $$2,940 1050x.20= 2,100 8400x.10=840 2,100+840=2,940 $$2,940 10500X.20= 2,100 8400X.10=840 2,100+840=2,940

Correct Answer:

$$2,940 10500X.20= 2,100 8400X.10=840 2,100+840=2,940

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