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Nastasia [14]
4 years ago
11

real estate math Speculator paid $25,000 net each for two 150 front-foot lots. Speculator split them into 3 lots with equal fron

t footage. Speculator sold the 3 lots for $300 per front foot. What was Speculator percentage of profit?
Mathematics
1 answer:
Svetlanka [38]4 years ago
7 0

Answer:

  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.

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Answer:

Step-by-step explanation:

Step 3:

Let LM = x

OK = KP = 12 units [Radii of circle K]

LN = LP = 8 units [Radii of circle L]

Therefore, KL = KP + PL

KL = 12 + 8

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Step 4:

Since, ΔKOM and ΔLNM are the similar triangles,

By the property of two similar triangles, corresponding sides of these similar triangles will be proportional.

\frac{OK}{NL}=\frac{KM}{LM}

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Another way to phrase this would be to say "f(x) approaches negative infinity when x goes to either positive or negative infinity"

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