Jenny Banks bought a small condo for $48,000 with the intention of remodeling it, then selling it in two years for $78,000. How much can Jenny spend on remodeling if taxes are $1,200 each year, the commission rate is 6% of the intended selling price and the profit she requires is $12,000?

Answer rating: 100% (QA)

Step 1 Calculate the total cost of the condo including taxes The total cost of the condo including t... View the full answer