Maths investment in apartment
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Maths investment in apartment

[From: ] [author: ] [Date: 11-10-13] [Hit: ]
000= $ 864,$ 864,$ 864,$ 864, 000 -C. do the maths.......
Mr lucas wants to purchase an apartment as a form of investment. The apartment is advertised at $900 000. Stamp duties and legal fees are charged at 2% and 1% respectively based on the transacted price of the purchase.
Calculate the total amount Mr Lucas needs to pay if he manages to get a 4% discount off the advertised price.

-
4% discount off the advertised price.

$900 000. (4%)=36,000

reduced price

$900,000-$36,000= $ 864, 000
Stamp duties 2%

$ 864, 000( 2%)= A

legal fee 1%

$ 864, 000(1%)=B

total duties and fee
A+B= C

total amount Mr Lucas needs to pay
$ 864, 000 -C. do the maths.
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