Ask Question
20 November, 11:25

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's percentage of profit?

+2
Answers (1)
  1. 20 November, 11:50
    0
    The answer is 80%

    Explanation:

    Profit = revenue - cost of sales

    =[ (50 * 300) per 50 front-foot lot * 3 lots ] - 25000 * 100

    = (45000-25000) / 25000 * 100

    =80%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Speculator paid $25,000 net each for two 150 front-foot lots. Speculator split them into 3 lots with equal front footage. Speculator sold ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers