The answer is the easy part, but how do I express it in an algebraic formula?
Ken purchased an investment property for 245,000 and sold it at a 12% loss. How much did he sell it for?
2 answers
He sold it for 88% of the purchase price (after commissions and expenses).
Thanks drwls, I knew the answer, I just don know how to properly express it in an algebraic formula? Thanks