Solve.Margaret takes out a loan to buy a fixer-upper house. She then spends $3046 in repairs and improvements. She sells the house for $89,210. If the payoff amount for the loan that she took out to buy the house is $74,656, what is her net? Is it a profit or loss?
A. $17,600; profit
B. $11,508; profit
C. -$17,600; loss
D. $166,912; profit
Answer: B
Mathematics
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