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1. Youre planning to flip a house. Youre buying the house for $150,000. You plan to spend $50,000 on labor and materials to fix-it-up. You

1. Youre planning to flip a house. Youre buying the house for $150,000. You plan to spend $50,000 on labor and materials to fix-it-up. You think you can sell it for $250,000. Whats your expected ROI? A.$50,000 B. 25% C.125% D.$250,000

2. Youre planning to flip a house. Youre buying the house for $195,000. You plan to spend $36,000 on labor and materials to fix-it-up. You think you can sell it for $280,000. Whats your expected ROI? (Answer to 2 decimal places.)

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