RICHARD
09-18-2012, 09:15 AM
I like to watch any shows that have to do with house-flipping, home improvement and tools and stuff.
One of my main bug-a-boos is the 'math' at the end of a show where a person/company buys a house, fixes it and sells it at a profit.
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Pencils up!
A house is bought for 50,000 dollars.
The company puts 5,000 dollars of work into the house.
The house is then sold for 70,000 dollars - and the program notes that the profit on the end sale is 20,000.
My question is this, if the company invests a total of 55, 000 dollars (the price and improvements), How can they make a profit of 20,000 dollars?
One of my main bug-a-boos is the 'math' at the end of a show where a person/company buys a house, fixes it and sells it at a profit.
-------------
Pencils up!
A house is bought for 50,000 dollars.
The company puts 5,000 dollars of work into the house.
The house is then sold for 70,000 dollars - and the program notes that the profit on the end sale is 20,000.
My question is this, if the company invests a total of 55, 000 dollars (the price and improvements), How can they make a profit of 20,000 dollars?