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Question
A residential lot purchased 3 years ago for $10,000 has doubled in value. The house on the lot cost $40,000 and it increased $20,000 in value. If the house and lot are sold at market value today, how much profit will be realized?a. $30,000
b. $40,000
c. 33 1/3%
d. 100%
Answer
This answer is hidden. It contains 174 characters.
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