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}.

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Josh bought the house for $80,000 and spent $50,000 on repairs, totaling $130,000 in investment. The repairs increased the house's value by 150% of the original $80,000, which is $120,000. Thus, the new value is $200,000. Subtracting the total investment from the selling price gives a profit of $70,000.

\boxed{70000}