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Q 33 & Q34 Answers with explanations please 33. An investor purchased two lots and paid $18,000 for each one. Since each lot had a

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Q 33 & Q34

Answers with explanations please

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33. An investor purchased two lots and paid $18,000 for each one. Since each lot had a 60' frontage he was able to subdivide the combined parcels into 3 lots with equal front footage. lithe 3 lots sold for $15.000 each. his rate of profit on his investment was: A. 20% B. 25% C. 33 1 /2% D. 40% 34. Miller listed her land with a broker at a price of $350 per acre. The parcel was described as the "N 1/2 of the SE [/4 of the NW 1/4 of section 4.\" If a buyer paid $6,100 tor the entire parcel and also agreed to pay the broker's commission of 10%. the buyer paid how much less than the listed price: A. $240 B. $270 C. $290 D. $310

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