MathDB
Selling and Reselling a House

Source:

February 1, 2009

Problem Statement

Mr. A owns a home worth $10000 \$ 10000. He sells it to Mr. B at a 10% 10\% profit based on the worth of the house. Mr. B sells the house back to Mr. A at a 10% 10\% loss. Then: <spanclass=latexbold>(A)</span> A comes out even<spanclass=latexbold>(B)</span> A makes $1100 on the deal<spanclass=latexbold>(C)</span> A makes $1000 on the deal <span class='latex-bold'>(A)</span>\ \text{A comes out even} \qquad<span class='latex-bold'>(B)</span>\ \text{A makes }\$ 1100\text{ on the deal}\qquad <span class='latex-bold'>(C)</span>\ \text{A makes }\$ 1000\text{ on the deal} <spanclass=latexbold>(D)</span> A loses $900 on the deal<spanclass=latexbold>(E)</span> A loses $1000 on the deal <span class='latex-bold'>(D)</span>\ \text{A loses }\$ 900\text{ on the deal} \qquad<span class='latex-bold'>(E)</span>\ \text{A loses }\$ 1000\text{ on the deal}