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Oksanka [162]
2 years ago
9

A person bought three lots for $22,000 net each and divided them into four lots of equal frontage. The lots were

Mathematics
1 answer:
Alekssandra [29.7K]2 years ago
3 0

Answer:

A person bought three lots for $22,000 net each and divided them into four lots of equal frontage. The lots were then sold for $18,000 each. What was the approximate percentage of gross profit? 9%The initial investment was $66,000 (3 lots at $22,000 each).

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