3/24/2023
1
Unit 13 – The Real Estate Business
17. A building lot was sold for $88,000. If the seller made a
profit of 10 percent, what was the original cost of the
property?
Get rid of the words:
Sale price = $88,000
Profit = 10%
Original Cost = ?
$88,000 = 110%
Original
Cost 100%
=
• $88,000 x 1.00 = $88,000
• $88,000 ÷ 1.10 = $80,000