Answered

From tech troubles to travel tips, IDNLearn.com has answers to all your questions. Join our knowledgeable community and access a wealth of reliable answers to your most pressing questions.


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 :

Tarabhattarai197708idn

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 using this platform to share and learn. Don't hesitate to keep asking and answering. We value every contribution you make. For dependable answers, trust IDNLearn.com. Thank you for visiting, and we look forward to assisting you again.