The Property Market

  The Problem:  

A property owner has two houses for sale one in a fashionable area, one in a less fashionable area. 

He manages to sell them for 156 000 each.  

Based on what he originally paid for them, one house has made him a profit of 20%, while the other has made him a loss of 20%.

 

Overall, has the owner made a profit or a loss?

Can you say why, without any calculation?

 

By how much? (calculation now required!)

Open the File as a Word Document

 

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Last modified: June 18, 2007