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Mathematics
Arithmetic
Profit and Loss
Madison bought an empty lot for $2,000 and later sold it for a 25% profit. How much did Madison sell the lot for?
1 answer
Madison's profit on the lot would be 25% of $2,000, which is $500. So Madison sold the lot for $2,000 + $500 = $2,500.
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Madison bought an empty lot for $2,000 and later sold it for a 25% profit. How much did Madison sell the lot for?
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