gsm8k-0002

# GSM8K Problem 3

Josh decides to try flipping a house.  He buys a house for $80,000 and then puts in $50,000 in repairs.  This increased the value of the house by 150%.  How much profit did he make?

Reason step by step, then give ONLY the final answer on the last line as \boxed{ANSWER}.

<!-- imported from openai/gsm8k (test) -->

Let me work through this step-by-step.

Step 1: Calculate the initial investment
- Purchase price: $80,000
- Repair costs: $50,000
- Total investment: $80,000 + $50,000 = $130,000

Step 2: Calculate the increase in value from repairs
The repairs increased the house's value by 150%.
This means the value increased by 150% of the original purchase price.

Increase in value = 150% × $80,000 = 1.5 × $80,000 = $120,000

Step 3: Calculate the final selling value
Final value = Original purchase price + Increase in value
Final value = $80,000 + $120,000 = $200,000

Step 4: Calculate the profit
Profit = Final selling value - Total investment
Profit = $200,000 - $130,000 = $70,000

Therefore, Josh made a profit of $70,000.

\boxed{70000}