how much did he pay for each property

qbesenan
timer Asked: Jan 9th, 2015

Question Description


Jim purchased 2 pieces of property that had been foreclosed on by a local bank

for a total

of $330,000. When he sold these properties, on the

first

piece

Jim

earned a profit of 12%

but on the second piece he lost 8%. His total profit was $18,000. How much did

Jim

pay

for each property?


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