Answer:Hello! i am figuring this question out for you you.
Explanation:
Answer: $25000
Explanation:
From the question, we are informed that Betty made a 20% profit on a residential lot she sold for $30,000. Let the cost price of the property be represented by x.
Therefore, (100% + 20%) of x = $30000. This means that 120% of x = $30000.
120% × x = $30000
1.2x = $30000
x = $30000/1.2
x = $25000
Therefore, the amount paid for the property is $25000
I had to look for the options and here is my answer:
Based on the events given, the one that will most likely have the greatest impact on one's net worth after a month would be buying a new car that costs $15,000 but the value depreciates by 20% once the ownership is transferred. The depreciation of 20% is a lot if you would base this on the original value of the car.