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A MA BOUGHT TWO 60-FOOT LOTS FOR 30,000 NET EACH AND DIVIDED THEM NTO THREE LOTS OF EQUAL FRONTAGE, WHICH HE SOLD OF 6000 PER

A MA BOUGHT TWO 60-FOOT LOTS FOR 30,000 NET EACH AND DIVIDED THEM NTO THREE LOTS OF EQUAL FRONTAGE, WHICH HE SOLD OF 6000 PER FRONT FOOT EACH. WHAT WAS HIS PERCENTAGE OF GROSS PROFIT?

a. 20.00%

b.16.67%

c. 11.31

d. 76.99

e.14.50

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