Solve each problem. Buying and Selling Land Roger bought two plots of land for a total of

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Solve each problem.

Buying and Selling Land Roger bought two plots of land for a total of $120,000. When he sold the first plot, he made a profit of 15%. When he sold the second, he lost 10%. His total profit was $5500. How much did he pay for each piece of land?

Profit Rate of Land Price Return (%) (or Loss) 15% 120,000 – x 10%

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College Algebra

ISBN: 978-0134697024

12th edition

Authors: Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels

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Question Posted: Feb 11, 2019 05:20 AM

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Solve each problem. Buying and Selling Land Roger bought two plots of land for a total of

Question:

Profit Rate of Land Price Return (%) (or Loss) 15% 120,000 – x 10%

Step by Step Answer:

Let x amount paid for the first plot Then 120000 x amount paid for t...View the full answer

College Algebra

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