Madison bought an empty lot for $2,000 and later sold it for a 25% profit. How much did Madison sell the lot for?

Question

Responses
A $500$500
B $1,500$1,500
C $2,500$2,500
D $3,000$3,000
E $50,000

Answer 1

To find the selling price of the lot, we need to add the 25% profit to the original cost of $2,000. The profit is 25% of $2,000, which is $2,000 * 0.25 = $500. Therefore, the selling price is $2,000 + $500 = $2,500. Therefore, the answer is $\boxed{\text{(C)}\ $2,500}$.