Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A home purchased a few years ago for $156,000, just sold again. After expenses, the seller received $195,000. What percentage profit did the seller make
A home purchased a few years ago for $156,000, just sold again. After expenses, the seller received $195,000. What percentage profit did the seller make on the investment? HINT: The question asks about the percent of "PROFIT". They didn't tell us in the problem what the profit was. But, THINK.... they did give us enough information to figure out the amount of profit, didn't they? Once you know the amount of profit in dollars, you can use what we've learned regarding solving percentage problems to calculate your
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started