Mahmoudfawzy83 wrote:
Karen sold her house at a loss of 25 percent of the price that she originally paid for the house, and then bought another house at a price of 30 percent less than the price she originally paid for her first house. If she sold the first house for $225,000, what was her net gain, in dollars, for the two transactions?
(A) $15,000
(B) $25,000
(C) $60,000
(D) $75,000
(E) $90,000
SP = 0.75*CP of 1st house.
&
CP of new house = 0.7*CP of 1st house
It is then given that SP = 225,000
Therefore,
CP
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