Pete Jones is adding a fireplace to his home in Boston at a cost of $3,350. Contractors tell him adding the fireplace will retur

Question

4 years ago

14

Pete Jones is adding a fireplace to his home in Boston at a cost of $3,350. Contractors tell him adding the fireplace will retur

n him a 38 percent gain on his investment. By what amount should the value of his home increase?
CAN SOMEONE PLEASE HELP ME WITH THIS PROBLEM PLEASEEEE

Mathematics

1 answer:

vichka [17] · Answer 1 · 2022-02-04T19:47:27+03:00

vichka [17]4 years ago

8 0

$3,350 x 38% = $127,300 / 100% = $1,273 < 38% return so it would increase $3,350 + $1,273 = $4,623 value increase