SOLUTION: Madison bought an empty lot for $2,000 and later sold it for a 25% profit. How much did Madison sell the lot for?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Madison bought an empty lot for $2,000 and later sold it for a 25% profit. How much did Madison sell the lot for?       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 954740: Madison bought an empty lot for $2,000 and later sold it for a 25% profit. How much did Madison sell the lot for?

Answer by macston(5194) About Me  (Show Source):
You can put this solution on YOUR website!
(0.25)($2000)=$500
$2000+$500=$2500
ANSWER: Madison sold the lot for $2500.