to get 10% return on a house bought for $200,000, how much shoukd it be sold...

to get 10% return on a house bought for $200,000, how much shoukd it be sold next year?

step by step

calcualtions

Expert Solution

Cost = $200,000

Return = 10%

To get 10% return the asset should be sold at

= 200,000 + 10%*200,000

= $220,000

Return = $20,000

Return % = Return / Cost price

= 20,000/200,000

= 10%

jeff jeffy answered 2 years ago

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