Ask Question
7 July, 12:22

real estate math Speculator paid $25,000 net each for two 150 front-foot lots. Speculator split them into 3 lots with equal front footage. Speculator sold the 3 lots for $300 per front foot. What was Speculator percentage of profit?

+5
Answers (1)
  1. 7 July, 12:32
    0
    80%

    Step-by-step explanation:

    The original cost per front-foot was ...

    $25000/150 = $500/3

    The percentage profit relative to the initial investment is ...

    profit percent = ((new value) / (old value) - 1) * 100%

    profit percent = (300 / (500/3) - 1) * 100% = (9/5 - 1) * 100% = 80%

    Speculator made 80% profit on the investment.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “real estate math Speculator paid $25,000 net each for two 150 front-foot lots. Speculator split them into 3 lots with equal front footage. ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers