Arnold sold two houses, each for $265,000. He made a profit ofpercent did he lose on the sale of both houses?
30% on one house, and sold the other at a 30% loss. What total
Hi sri340,
I hope I interpret your problem correctly.
If he received $265,000 on the sale of house (1) which included a 30% profit, then the original cost of the house was:
If he received $265000 on the sale of house (2) which included a 30% loss, then the original cost of the house was:
So, the original worth of both houses was $582,417.58.
He sold them both for 2($265,000)= $530,000.
That's a loss of $52,417.58.
The % of loss is %.