MathDB
Buying and Selling a House

Source:

February 11, 2009

Problem Statement

Mr. A owns a house worth $10000 \$10000. He sells it to Mr. B at 10% 10 \% profit. Mr. B sells the house back to Mr. A at a 10% 10 \% loss. Then: <spanclass=latexbold>(A)</span> Mr. A comes out even<spanclass=latexbold>(B)</span> Mr. A makes $100<spanclass=latexbold>(C)</span> Mr. A makes $1000<spanclass=latexbold>(D)</span> Mr. B loses $100<spanclass=latexbold>(E)</span> none of the above is correct <span class='latex-bold'>(A)</span>\ \text{Mr. A comes out even} \qquad <span class='latex-bold'>(B)</span>\ \text{Mr. A makes }\$100 \qquad <span class='latex-bold'>(C)</span>\ \text{Mr. A makes }\$1000 \\ <span class='latex-bold'>(D)</span>\ \text{Mr. B loses }\$100 \qquad <span class='latex-bold'>(E)</span>\ \text{none of the above is correct}