Answered

Discover the answers you need at Westonci.ca, where experts provide clear and concise information on various topics. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.


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 are dedicated to helping you find the information you need, whenever you need it. Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.