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# Joseph bought a house for \$80,000. If he sells it for a profit of 12.5

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Math Expert
Joined: 02 Sep 2009
Posts: 55801
Joseph bought a house for \$80,000. If he sells it for a profit of 12.5  [#permalink]

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24 Dec 2018, 22:37
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Difficulty:

15% (low)

Question Stats:

95% (01:03) correct 5% (00:00) wrong based on 27 sessions

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Joseph bought a house for \$80,000. If he sells it for a profit of 12.5 percent of the original cost, what is the selling price of the house?

A. \$92,500
B. \$90,000
C. \$89,000
D. \$88,000
E. \$80,900

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Joined: 18 Jul 2018
Posts: 953
Location: India
Concentration: Finance, Marketing
WE: Engineering (Energy and Utilities)
Re: Joseph bought a house for \$80,000. If he sells it for a profit of 12.5  [#permalink]

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24 Dec 2018, 22:45
Cost of house = 80000
Selling price = 112.5/100*80000 = 800*112.5 = 90,000.

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Joined: 25 Mar 2016
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Location: India
Schools: IIMB EPGP"20
Joseph bought a house for \$80,000. If he sells it for a profit of 12.5  [#permalink]

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24 Dec 2018, 22:58
Given :
Joseph bought a house for \$80,000.
He sells it for a profit of 12.5 percent of the original cost.

Question:
what is the selling price of the house?

Selling Price = (100+ 12.5) % of \$ 80,000

10% of \$80,000 = \$8,000
2.5% of \$80,000 = (1/4) 10% of \$80,000 = \$2,000
12.5% of \$80,000 = \$10,000

Therefore, Selling Price = (100+ 12.5) % of \$ 80,000 = \$10,000 + \$ 80,000 = \$90,000
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Joined: 18 Aug 2017
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Re: Joseph bought a house for \$80,000. If he sells it for a profit of 12.5  [#permalink]

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25 Dec 2018, 03:28
Bunuel wrote:
Joseph bought a house for \$80,000. If he sells it for a profit of 12.5 percent of the original cost, what is the selling price of the house?

A. \$92,500
B. \$90,000
C. \$89,000
D. \$88,000
E. \$80,900

80000* 1.125 =
option B 90,000 \$
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Re: Joseph bought a house for \$80,000. If he sells it for a profit of 12.5   [#permalink] 25 Dec 2018, 03:28
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