James sells a $500,000 house for 20% over market value. He splits the revenue with his 3 brothers. How much does each person get after taxes take away 10%?
Stream of thoughts:
135000
He sells the house for 1 +.

2 = 1.

2 times its value.

So he sells the house for 500,000 * 1.

2 = 600,000.

He splits the money 1 + 3 = 4 ways.

So each person gets 600,000 / 4 = $150,000 before taxes.

Taxes take away 150,000 *.

1 = $15,000.

So each person gets 150,000 - 15,000 = $135,000.

.

The answer is 135000