Bunuel wrote:
Tough and Tricky questions: Percents.
Tracey sold her house for 40 percent more than the amount that she bought it for. If she has to pay a brokerage fee of 5 percent of the selling price of the home, and then has to pay 40 percent of the leftover profit in taxes, what is the net after-tax percent profit Tracey makes on the sale?
A. 12%
B. 14.4%
C. 16%
D. 19.8%
E. 21%
Kudos for a correct solution.
Assume that the house was bought for $ 100. Further calculations will lead you to answer D.
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