Tracey sold her house for 40 percent more than the amount that she bought it for. If she has to pay a brokerage fee of 5 percent of the selling price of the home, and then has to pay 40 percent of the leftover profit in taxes, what is the net after-tax percent profit Tracey makes on the sale?
Choose the correct choice from the following.
A) 12%
B) 14.4%
C) 16%
D) 19.8%
E) 21%
Lets assume Cost price is 100. Then the selling price will be   1.4*100= 
<gadget id="calculator">  1.4*100</gadget>
<output>140</output>
140.   5% brokerage fee= 5% of 140 = 7   After brokerage amount left is  140-7= 
<gadget id="calculator"> 140-7</gadget>
<output>133</output>
133.   Next, taxes are 40% of left over profit which is 40% of (133-100)=40% of 33 which is 19.8.   Hence answer is 19.8%.
<result>D</result>
Tracey sold her house for 40 percent more than the amount that she bought it for. If she has to pay a brokerage fee of 5 percent of the selling price of the home, and then has to pay 40 percent of the leftover profit in taxes, what is the net after-tax percent profit Tracey makes on the sale?