Answered

Find the best answers to your questions at Westonci.ca, where experts and enthusiasts provide accurate, reliable information. Discover in-depth solutions to your questions from a wide range of experts on our user-friendly Q&A platform. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.


A person bought three lots for $22,000 net each and divided them into four lots of equal frontage. The lots were
then sold for $18,000 each. What was the approximate percentage of gross profit?

Sagot :

tarabhattarai197708

Answer:

A person bought three lots for $22,000 net each and divided them into four lots of equal frontage. The lots were then sold for $18,000 each. What was the approximate percentage of gross profit? 9%The initial investment was $66,000 (3 lots at $22,000 each).

Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.