SOLUTION: Anoa bought two plots of land for a total of $1200. When she sold the first plot, she made a profit of 15%. When she sold the second she lost 10%. Her totla profit was $5500. H

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Anoa bought two plots of land for a total of $1200. When she sold the first plot, she made a profit of 15%. When she sold the second she lost 10%. Her totla profit was $5500. H      Log On

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Question 43976: Anoa bought two plots of land for a total of $1200. When she sold the first plot, she made a profit of 15%. When she sold the second she lost 10%. Her totla profit was $5500. How much did she pay for each piece of land.
Answer by checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
I BELIEVE YOU HAVE LEFT SOMETHING OUT OF THIS PROBLEM
A 15% PROFIT ON ALL THAT WAS BOUGHT ONLY AMOUNTS TO 1200*.12=$144 SO HOW COULD YOU MAKE $5500 IF SOME OF THE PROPERTY WAS SOLD AT A LOSS?????????????