Solve.Kimberly Ann takes out a loan to buy a fixer-upper house. She then spends $3754 in repairs and improvements. She sells the house for $85,660 but pays the new owners $2276 in closing costs. If the payoff for the loan that Kimberly Ann took out to buy the house is $74,072, what is her net? Is it a profit or loss?
A. -$161,215; profit
B. -$71,796; profit
C. -$161,210; loss
D. $5558; profit
Answer: D
Mathematics
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