A builder constructed a home for a cost of $200,000 and wishes to sell it for a profit equal to 20% of the selling price. What is the dollar amount of the profit?

Question

Quizplus · Accepted Answer

The profit is 20% of the selling price, so let the selling price be $x$. The equation is $0.20x = x - 200,000$. Solving for $x$ gives $x = 250,000$. The profit is $250,000 - 200,000 = $50,000$.

A Builder Constructed a Home for a Cost of $200,000