SOLUTION: carl bought two plots of land for a total of $120,000. When he sold the first plot, he made a profit of 15%. when he sold the second, he lost 10%. His total profit was $5500. How m

SOLUTION: carl bought two plots of land for a total of $120,000. When he sold the first plot, he made a profit of 15%. when he sold the second, he lost 10%. His total profit was $5500. How m

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Question 457704: carl bought two plots of land for a total of $120,000. When he sold the first plot, he made a profit of 15%. when he sold the second, he lost 10%. His total profit was $5500. How much did he pay for each piece of land?
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
a+b=120000
1.15a+.90b=125500
a=70000 b=50000
check
.15*70000=10500 profit
.10*50000=5000 loss
10500-5000=5500 profit
ok
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