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a. You purchased a house for $120,000, cash and you sold it in one year for $140,000. You had to pay $8,000 in taxes and

a. You purchased a house for $120,000, cash and you sold it in one year for $140,000. You had to pay $8,000 in taxes and repairs before you sold it. What is your ROI? ROI % b. If you financed $110,000 with a bank, made a down payment of $10,000, and paid $5,000 for taxes, repairs, and interest, what would be your ROI? ROI %

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