SOLUTION: Bob Brown bought two plots of land for a total of $110,000. On the first plot, he made a profit of 16%. On the second, he lost 4%. His total profit was $9600.
How much did he pay
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-> SOLUTION: Bob Brown bought two plots of land for a total of $110,000. On the first plot, he made a profit of 16%. On the second, he lost 4%. His total profit was $9600.
How much did he pay
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Question 499028: Bob Brown bought two plots of land for a total of $110,000. On the first plot, he made a profit of 16%. On the second, he lost 4%. His total profit was $9600.
How much did he pay for each piece of land. Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! Let = amount he paid for 1st plot
Let = amount he paid for 2nd plot
given:
(1)
(2)
---------------------
(2)
Multiply both sides of (1) by
and add (1) and (2)
(1)
(2)
and, since
(1)
(1)
(1)
She paid $70,000 for the 1st plot
and $40,000 for the 2nd plot
check the answer:
(2)
(2)
(2)
(2)
OK
