Question

A real estate investor owns three properties: X, Y, and

Q: Answer-A real estate investor owns three properties: X, Y, and Z. What is the total profit earned from thes...

Statement I Profit from Property X 350,000 - 250,000 100,000. Profit from Property Y 450,000 - 300,000 150,000. Profit from Property Z 280,000 - 200,000 80,000. Total profit 100,000 150,000 80,000 330,000. Sufficient. Statement II This affects the profit calculations but does not provide enough data without knowing the selling prices to apply the costs accurately. Not sufficient. Statement III This gives the total investment and selling prices but does not detail individual profits or costs, making it insufficient on its own. Not sufficient. The answer is A.

Z. What is the total profit earned from these properties after selling them? Statements: I: Property X was purchased for $250,000 and sold for $350,000. Property Y was purchased for $300,000 and sold for $450,000. Property Z was purchased for $200,000 and sold for $280,000. II: The investor incurred selling costs amounting to 5% of the selling price for each property. III: The investor's total investment across all properties was $800,000, and the selling prices of all properties combined were $1,200,000.

A Only Statement I alone is sufficient.

B Only Statement II alone is sufficient.

C Only Statement III alone is sufficient.

D Statements I and II together are sufficient.

E All statements together are needed.

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