SOLUTION: Sam bought a house for $450 000 and sold it 4 years later for $586 000. What is his percentage profit?

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Question 1091630: Sam bought a house for $450 000 and sold it 4 years later for $586 000. What is his percentage profit?
Answer by Theo(13342) About Me  (Show Source):
You can put this solution on YOUR website!
he bought it for 450 thousand.
he sold it for 586 thousand.
the difference is 586 - 450 = 136 thousand.
136 thousand / 450 thousand is equal to .3022222..... * 100 and rounded to 2 decimal digits is equal to 30.22% profit.