Answer:
$21,000
Step-by-step explanation:
Solve the following fraction problem and choose the correct alternative: Jaime buys a property for $ 84,000 and after one year sells it earning 1/4 of the purchase price. How much was the profit? *
The amount of profit is calculated as
1/4 of the purchase price
Purchase price = $84,000
= 1/4 of $84,000
= 1/4 × $84,000
= $21,000
Therefore, the amount of the profit = $21,000
