Question

Washington Construction built 13 ranch houses for $117,000 each. From the sale of these houses, Washington received $2,100,000.

a. How much gross profit did Washington make on the houses?

b. If the four partners of Washington Construction split all profits equally, how much will each partner receive?

Answer 1

A.) 579000

B.) 144750

Explanation:

13 houses times 117,00 (The price to build each one) eguals 1521000

2100000 minus 1521000 equals 579000 of profit

4 people so you divide the profit by 4 to get 144750