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

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New post 24 Dec 2018, 22:37
1
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A
B
C
D
E

Difficulty:

  15% (low)

Question Stats:

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

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

B is the answer.
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Joseph bought a house for $80,000. If he sells it for a profit of 12.5  [#permalink]

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New post 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
Answer Option B is Correct
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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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New post 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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