Tony bought a house on January 1, 2019, for RM450,000. He paid 10% of the purchase price as a down payment, which is RM45,000. He sold the house on December 31, 2024, for RM592,000. His remaining loan with the bank was RM371,000, and the total monthly installments he had paid was RM126,000. The fees involved during the sale are: Legal fees (RM8,600), Stamp duty (RM10,000), and Agent commission (RM13,000). We are asked to calculate something, but the question itself is missing. Let's assume the question is "Calculate Tony's profit from selling the house".
2025/7/10
1. Problem Description
Tony bought a house on January 1, 2019, for RM450,
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0. He paid 10% of the purchase price as a down payment, which is RM45,
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0. He sold the house on December 31, 2024, for RM592,
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0. His remaining loan with the bank was RM371,000, and the total monthly installments he had paid was RM126,
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0. The fees involved during the sale are: Legal fees (RM8,600), Stamp duty (RM10,000), and Agent commission (RM13,000). We are asked to calculate something, but the question itself is missing. Let's assume the question is "Calculate Tony's profit from selling the house".
2. Solution Steps
First, calculate Tony's initial expenses:
* House price: RM450,000
* Down payment: RM45,000
* Loan amount: RM371,000
* Monthly installments paid: RM126,000
The total amount Tony paid for the house is the sum of the down payment, the loan amount paid off, and the remaining loan to the bank after he sold the house. So, the total amount paid to the bank is the initial loan amount (RM371,000).
We need to determine the amount of loan Tony paid off. We are given that he sold the house for RM592,
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0. We are also told that his remaining loan amount was RM371,000 and his monthly installments total RM126,
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0. This seems contradictory and unnecessary to the question.
Let's consider the profit calculation:
* Selling price: RM592,000
* Purchase price: RM450,000
Now, calculate the expenses related to selling the house:
* Legal fees: RM8,600
* Stamp duty: RM10,000
* Agent commission: RM13,000
Total selling expenses = RM8,600 + RM10,000 + RM13,000 = RM31,600
Profit = Selling price - Purchase price - Selling expenses
Profit = RM592,000 - RM450,000 - RM31,600
Profit = RM142,000 - RM31,600
Profit = RM110,400
3. Final Answer
Tony's profit from selling the house is RM110,
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