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Question 15 of 78 Jos purchased a home fac 3.000 ler added anstroom $54,700 28.000 30 000 Question 16 of 75 The basis of prop

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Answer #1
Purchase Price $225,000
Additions $25,300
Total Purchase Price $250,300 ($225000+$25300)
Selling Price $305,000
Less: Sales Commission ($12,000)
Net Sales $293,000 ($305000-$12000)
Gain Sales- Total Purchase Price
Gain $293000-$250300
Gain 42700
The correct answer is a. $ 42700
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