Question

A builder bought 5 houses for $2500000​ each. He sold $3​ of the houses at a profit of 30% and rest of the houses at a loss of 40% . Find his overall profit or loss percent

Answer 1

Explanation:

2,500,000 * .3 = 750,000

A) 3* 750,000 = 2,250,000

2,500,000*.4 = 1,000,000

B) 2*1,000,000 = 2,000,000

A-B = profit

profit was 250,000

2,500,000 * 5 = 12,500,000 ( total costs )

12,750,00 ( total sales)

what percent is 250,000 of 12,500,000 ?

250,000 / 12,500,00 = 0.02

this is 2% profit :/ not so good