Thread: Percentage problem

Arnold sold two houses, each for $265,000. He made a profit of
30% on one house, and sold the other at a 30% loss. What total

percent did he lose on the sale of both houses?

Originally Posted by sri340

Arnold sold two houses, each for $265,000. He made a profit of

30% on one house, and sold the other at a 30% loss. What total

percent did he lose on the sale of both houses?

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 %.