Explanation Procedure used: “ Steps to solving problem : Step 1: Set up the formula, Rate = Portion Base . Step 2: Calculate rate.” Calculation: The price difference between purchase and sold is $ 221 , 200 − $ 51 , 500 = $ 169 , 700 . That is, the portion is $169,700 and base is $51,500. Substitute Portion = $ 7 , 875 and rate = 0.63 in Rate = Portion Base

12th Edition

ISBN: 9781259540554

Author: Jeffrey Slater, Sharon Wittry

Publisher: McGraw-Hill Education

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Chapter 6.2, Problem 11AH

To determine

The profit percent of the sold home.

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Chapter 6.2, Problem 10AH

Chapter 6.2, Problem 12AH

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