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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Let's break down the problem step by step:

1. **Initial Costs:**
   - Josh buys the house for $80,000.
   - He spends $50,000 on repairs.
   - Total initial investment = $80,000 + $50,000 = $130,000.

2. **Increase in House Value:**
   - The repairs increased the value of the house by 150%.
   - To find the increase in value: 150% of the original value.
   - Original value of the house = $80,000.
   - Increase in value = 150% of $80,000 = 1.5 * $80,000 = $120,000.

3. **New Value of the House:**
   - New value = Original value + Increase in value.
   - New value = $80,000 + $120,000 = $200,000.

4. **Profit Calculation:**
   - Profit = New value of the house - Total initial investment.
   - Profit = $200,000 - $130,000 = $70,000.

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

$\boxed{70000}$