Henry bought a plant for $12500000 and spent $350000 to renovate it
he then sold the house for $2000000 .
what is the percentage gain?
In a class,120 students speak English or french or both.70 speak English and 55 speak french.how many students speak English but not french
To determine the number of students who speak English but not French, we subtract the number of students who speak both languages from the total number of students who speak English.
Total students who speak English = 70
Students who speak both English and French = 55
Students who speak English but not French = 70 - 55 = 15
Therefore, 15 students speak English but not French.
To calculate the percentage gain, we need to determine the difference between the selling price and the total investment made by Henry.
The total investment can be calculated by adding the cost of purchasing the plant ($12,500,000) and the renovation expenses ($350,000):
Total Investment = Purchase Price + Renovation Expenses
= $12,500,000 + $350,000
= $12,850,000
Now, we can find the gain by subtracting the total investment from the selling price:
Gain = Selling Price - Total Investment
= $2,000,000 - $12,850,000
= -$10,850,000
Since the gain is negative, it means there was actually a loss rather than a gain.
To find the percentage gain (or loss), we can use the formula:
Percentage Gain = (Gain / Total Investment) * 100
Inserting the values:
Percentage Gain = (-$10,850,000 / $12,850,000) * 100
Finally, we can calculate the percentage gain (or loss):
Percentage Gain = -84.65%
Therefore, Henry incurred a percentage loss of 84.65% on the sale of the house.