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?

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.