David Saks: September 2008

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Math Class : Answer Page Problems 1 through 10



The answers to the real estate math problems will be posted in increments of ten at a time. The comments feature has been deactivated in order to allow you to find the answer on your own.

1. 0%

Four parcels cost 12000 and so do six. No profit.

2. 14.2857%

Four parcels cost $14k and 6 parcels cost $12k. The profit is $2k, and $2k divided by $14k equals .142857 or 14.29% rounded.

3. $35k

$20k divided by 12 months = $1666.67 monthly salary

$1666.67 times 25% or .25 equals $416.67 monthly PITI

$678.24 Annual tax and insurance divided by 12 months equals $56.52 monthly tax and insurance

$416.67 monthly PITI minus $56.52 monthly TI equals $360.15 monthly PI

$360.15 monthly PI divided by Pi factor of $10.29 times $1000 equals $35k

4. $134.75

16 mills + 22½ mills = 38 ½ mills = .0385

5,000 x .70 = 3,500 (assessed value)

3,500 x .0385 = 134.75 (taxes)

5. $198.00

6,000 x .60 = 3,600 (assessed value)

3,600 x .055 = 198.00 (taxes)

6. 1,275

100% - 15% = 85% = .85

30,000 x .85 = 25,500

25,500 x .05 = 1,275

7. $26,315.789474

25000 divided by .95 equals $26315.789474 or $26,315.79

8. $6000

.025x = 150

x =  150 / .025

x = 6,000

9. $11.818.18

1.1x = 13,000

x=13,000 / 1.1

x = 11,818.18

10. $412.50

$20,000 times 8.25 % equals $1650

$1640 divided by 12 equals $137.50

3 times $137.50 equals $412.50


David Saks

Time&Temp Memphis

Legal Disclaimer
Please be advised that:

 The information and notices contained in this blog are intended to summarize recent developments and news. The posts are presented as general research and information. These posts are not intended, nor should be regarded, as legal advice. Some blog posts concern allegations made in civil lawsuits and in criminal indictments in United States Courts. All persons are presumed innocent until convicted of a crime and proven guilty. Readers who have particular questions or who believe that they need legal counsel should seek the advice of a qualified attorney. It is neither the editor's or author's intention to create a confidential relationship or any broker-client relationship via communication from this site at any time. Please consult with your state real estate board if questions & answers in the education section conflict with the laws of your region or if you need clarification regarding their applicability or how they may govern the services that you provide.

By entering this web site, you understand the following:
When you select a link to an outside Web site, you are subject to the privacy, copyright, security, and information quality policies of that Web site. David Saks:
1.DOES NOT control or guarantee the accuracy, legality, relevance, timeliness, or completeness of information contained on a linked Web site;
2.DOES NOT endorse linked Web sites, the views they express, or the products/services they offer unless linked web sites, the views they express, or the products/services they offer endorse or support David Saks in accordance with the standards of the Tennessee Real Estate Commission and the Federal Government's laws regarding commerce and the application, solicitation and transmission of internet-related concerns, commerce or social networking;
3.CANNOT authorize the use of copyrighted materials contained in linked Web sites;
4.IS NOT responsible for transmissions users receive from linked Web sites;
5. That DavidSaks.Com is biographical & real estate related. Some links within will leave this site.
6. http://activerain.com/profile/davidsaks is internet-compliant & abides by the rules & regulations of the Tennessee Real Estate Commission, Eve Maxwell, Executive Director.
7. Unless indicated otherwise, ActiveRain does offer listings, or IDX and is provided for licensed salespersons, brokers, buyers & sellers of real property as a community & professional service.
8. David Saks is a retired / licensed real estate broker in the State of Tennessee, license #290452, and an independent contractor.
9. Information is believed to be accurate, but not guaranteed, at any realty link or document connected to the World Wide Web & viewable by anyone connected to the internet who has a web browser.
10. Brokers, buyers, sellers, agents & anyone should independently verify any information prior to submitting any offer to purchase goods & services from any link.
11. Please Visit The American Real Estate Alliance or Memphis.8k.Com for additional information regarding property issues for real estate professionals and consumers.


Photos © & Licensed by Nova Development

All Content Protected © 
Before you even think about
committing a real estate crime
click this red button.
Real Estate Crimes

© All Rights Reserved.





"Information generated by the Department of Justice is in the public domain and may be reproduced, published or otherwise used without the Department’s permission. Citation to the Department of Justice as the source of the information is appreciated, as appropriate."

Department of Justice Legal Policies


  Real Estate Crimes


Click "HERE" For Today's Question



TheListen Now!

David Saks Show

Saturday Nite

9pm-12am Central

University of Memphis



America's Hobby

Click Elvis

Mr.Saks' participation in ActiveRain ended April 13, 2015.

His blog archives will remain online.

May God bless you.

Comment balloon 0 commentsDavid Saks • September 07 2008 05:49AM
Real Estate Math Class : Answer Page Problems 1 through 10
1-10 The answers to the real estate math problems will be posted in increments of ten at a time. The comments feature has been… more
Real Estate Math Class : Lesson 9
If you owned a property for 10 years, then sold it for $13, 000 with a 10% profit, what did you pay for the house originally? Check your answers here : Math Answers Comments… more
Real Estate Math Class : Lesson 8
Here's another simple problem: 150 is 2 1/2% of what number? Check your answers here : Math Answers Comments have been disabled to allow to you find the answer. .. more
Real Estate Math Class : Lesson 7
$25, 000 is 95% of how much This is a simple one. Clue : Remember to divide Check your answers here : Math Answers Comments have been disabled to allow to you find the… more
Real Estate Math Class : Lesson 4
4. If the tax rate is 16 mills for the township and 22 1/2 mills for the schools, how much are the taxes on a property worth $5, 000 assessed at 70% of it's value? Check your… more
Real Estate Math Class : Lesson 6
An agent was to receive a commission of 5% on a piece of property listed at $30, 000. How much will the agent receive if the owner reduces the selling price by 15%? No need to stick… more
Real Estate Math Class : Lesson 5
The real value of a property is $6, 000. It is assessed at 60% of it's real value and taxed at a rate of 55 mills on assessed value. What are the taxes? Check your answers here : Math… more
Are You Confident
Accepting liability for your judgement and action may be considered a hallmark of maturity and wisdom. It's essential in today's business world that we remain energetic and alert… more
What Comes With The House
Did you ever stop to consider that the more the seller is willing to thrown in with the deal, the less of an expense the closing might actually be to the buyer Could it be conceivable, in… more
What Is An Investment Property
When we think of an investment property, we generally think of smonething that we're going to buy for investment purposes, something that's going to generate an income for us; something that puts… more