SOLUTION: Mr. Villar bought a house for X pesos. Three years later, he sold the house for 25% more than he paid for it. He has to pay a tax of 50% of the gain. How much tax must he pay?

SOLUTION: Mr. Villar bought a house for X pesos. Three years later, he sold the house for 25% more than he paid for it. He has to pay a tax of 50% of the gain. How much tax must he pay?

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Question 447859: Mr. Villar bought a house for X pesos. Three years later, he sold the house for 25% more than he paid for it. He has to pay a tax of 50% of the gain. How much tax must he pay?
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
50% of a 25% gain is
.50x.25=.125
Mr. Villar must pay .125X pesos in taxes..
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