Karen sold her house at a loss of 25% of the price that she originally paid for the house, and then bought another house at a price of 30% less than the price she originally paid for her first house. If she sold the first house for $225,000, what was her net gain, in dollars, for the two transactions?
Great, you answered "$60,000".
See here what other people have answered:
- $90,000
- $60,000
- $25,000
- $15,000
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Interesting fact:
Some cost figures for MBA hopefuls to consider: The tuition fee for the 2017 MBA class at Harvard was $61,225 and after including additional fees the sum can increase towards $100,000. The additional fees include health and insurance fees, program support fees including books and course materials, room and utilities fees, and of course accommodation and personal spending costs.