It cost Mr. Andrews 200,000 dollars to build a house. He sold it to Ms. Bond at a 10 percent profit. Later Ms. Bond sold it to Mr. Cash at a 10 percent loss. What is the positive difference between the amount Ms. Bond bought the house for and the amount Ms. Bond sold the house for?
22,000 does not work
biot
To find the positive difference between the amount Ms. Bond bought the house for and the amount she sold it for, we need to determine the exact amounts involved.
First, let's calculate the selling price to Ms. Bond. Mr. Andrews sold the house to Ms. Bond at a 10 percent profit, which means he increased the cost price by 10 percent. To calculate the selling price, we add 10 percent of the cost price to the cost price:
Selling price to Ms. Bond = Cost price + (10% of Cost price)
Selling price to Ms. Bond = $200,000 + (10/100) * $200,000
Selling price to Ms. Bond = $200,000 + $20,000
Selling price to Ms. Bond = $220,000
Now, let's calculate the selling price to Mr. Cash. Ms. Bond sold the house to Mr. Cash at a 10 percent loss, which means she reduced the selling price by 10 percent. To calculate the selling price to Mr. Cash, we subtract 10 percent of the selling price to Ms. Bond from the selling price to Ms. Bond:
Selling price to Mr. Cash = Selling price to Ms. Bond - (10% of Selling price to Ms. Bond)
Selling price to Mr. Cash = $220,000 - (10/100) * $220,000
Selling price to Mr. Cash = $220,000 - $22,000
Selling price to Mr. Cash = $198,000
The positive difference between the amount Ms. Bond bought the house for and the amount she sold the house for is equal to the selling price to Ms. Bond minus the selling price to Mr. Cash:
Positive difference = Selling price to Ms. Bond - Selling price to Mr. Cash
Positive difference = $220,000 - $198,000
Positive difference = $22,000
Therefore, the positive difference between the amount Ms. Bond bought the house for and the amount she sold the house for is $22,000.
You didn't need to post this again.
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When someone tells you to subtract and you have two numbers, what do you think you should subtract?