document.write( "Question 38958: A man bought two lots for the same price. He sold one at a profit of $3,000 and the other at a loss of $1,500, receiving twice as much for the first lot as for the second. What did each lot cost?\r
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Algebra.Com's Answer #24416 by Nate(3500) $\"\"$ $\"About$

You can put this solution on YOUR website!
Define variable:
\n" ); document.write( "x = lot's cost
\n" ); document.write( "p = price when sold
\n" ); document.write( "Define equations:
\n" ); document.write( "3000 = 2p - x
\n" ); document.write( "-1500 = p - x
\n" ); document.write( "Combine:
\n" ); document.write( " $\"2p+-+x+-+3000+=+0\"$
\n" ); document.write( "+
\n" ); document.write( " $\"-p+%2B+x+-+1500+=+0\"$
\n" ); document.write( "=
\n" ); document.write( " $\"p+-+4500+=+0\"$
\n" ); document.write( "Price when sold is $4,500. Each lot cost him $6000. \n" ); document.write( "

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