It cost Mr. Andrews 200,000 dollars to build a house. He sold it to Ms. Bond at a 10 percent profit. Later Ms. Bond sold it to Mr. Cash at a 10 percent loss. What is the positive difference between the amount Ms. Bond bought the house for and the amount Ms. Bond sold the house for?
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Bond paid 200,000*1.1 = 220,000
Cash paid 220,000*0.90 = ?
then subtract
To find the positive difference between the amount Ms. Bond bought the house for and the amount she sold the house for, we need to determine the actual amounts involved. Let's break it down step by step.
First, Mr. Andrews built the house for $200,000.
Ms. Bond bought the house from Mr. Andrews at a 10 percent profit. To calculate the amount she bought the house for, we need to add 10 percent to the cost of the house:
Amount Ms. Bond bought the house for = Cost of the house + (10% of the cost of the house)
So, the amount Ms. Bond bought the house for is:
Amount Ms. Bond bought the house for = $200,000 + (10/100) * $200,000
Simplifying the calculation, we get:
Amount Ms. Bond bought the house for = $200,000 + $20,000
Amount Ms. Bond bought the house for = $220,000
Now, Ms. Bond sold the house to Mr. Cash at a 10 percent loss. To calculate the amount she sold the house for, we need to deduct 10 percent from the amount she bought the house for:
Amount Ms. Bond sold the house for = Amount Ms. Bond bought the house for - (10% of the amount Ms. Bond bought the house for)
So, the amount Ms. Bond sold the house for is:
Amount Ms. Bond sold the house for = $220,000 - (10/100) * $220,000
Simplifying the calculation, we get:
Amount Ms. Bond sold the house for = $220,000 - $22,000
Amount Ms. Bond sold the house for = $198,000
Now, to find the positive difference between the amount Ms. Bond bought the house for and the amount she sold the house for, we subtract the amount she sold the house for from the amount she bought the house for:
Positive difference = Amount Ms. Bond bought the house for - Amount Ms. Bond sold the house for
So, the positive difference is:
Positive difference = $220,000 - $198,000
Positive difference = $22,000
Therefore, the positive difference between the amount Ms. Bond bought the house for and the amount she sold the house for is $22,000.