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 buys a house for $80,000 and spends $50,000 on repairs. The total investment is $80,000 + $50,000 = $130,000.

The repairs increased the value of the house by 150%. To find the increase in value, we calculate 150% of the original purchase price: 150/100 * $80,000 = $120,000.

The new value of the house after the repairs is the original purchase price plus the increase in value: $80,000 + $120,000 = $200,000.

To find the profit, we subtract the total investment from the new value of the house: $200,000 - $130,000 = $70,000.

The final answer is \boxed{70000}.