Register
A home is purchased for $75,000, and remodelled spending $35,000. five years later, the home is sold for $160,000. what is the capital gain/loss, and at what percent of profit/loss?
16.8k views
1 vote
A home is purchased for $75,000, and remodelled spending $35,000. five years later, the home is sold for $160,000. what is the capital gain/loss, and at what percent of profit/loss?

User Marcassin
by
4.7k points

1 Answer

8 votes

Answer:

31.2%

Explanation:

75000+35000 = 110000

160000 - 110000 = 50000

50000 รท 160000 = 0.312

0.312 x 100 = 31.2 %

User Tee
by
5.3k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.6m questions

7.3m answers

Other Questions

What is the value of x? (-4) - x = 5
185g in the ratio 2:3
(3x1,000,000)+(3x100,000)+(2x100) what is this number written in standard form?
The function h = -t2 + 95 models the path of a ball thrown by a boy where h represents height, in feet, and t represents the time, in seconds, that the ball is in the air. Assuming the boy lives at sea
Which of the following would be a good name for the function that takes the length of a race and returns the time needed to complete it? A. Time(race) B. Length(time) C. Length(cost) D. Year(time) E. Cost(time)
Link Copied!