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The Property Market
The Problem:
A property owner has two houses for sale � one in a fashionable area, one in a less fashionable area.
He manages to sell them for �156 000 each.
Based on what he originally paid for them, one house has made him a profit of 20%, while the other has made him a loss
of 20%.
Overall, has the owner made a profit or a loss?
Can you say why, without any calculation?
Open the File as a Word Document
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