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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To find the profit Josh made, we need to determine the final value of the house and subtract the total amount he invested.

1.  **Calculate the total investment:**
    Josh bought the house for $\$80,000$ and spent $\$50,000$ on repairs.
    $$ \text{Total Investment} = \$80,000 + \$50,000 = \$130,000 $$

2.  **Determine the final value of the house:**
    The repairs increased the value of the house by $150\%$. This means the new value is the original value plus $150\%$ of the original value.
    $$ \text{Increase} = \$80,000 \times 1.50 = \$120,000 $$
    $$ \text{Final Value} = \$80,000 + \$120,000 = \$200,000 $$

3.  **Calculate the profit:**
    Profit is the final value minus the total investment.
    $$ \text{Profit} = \$200,000 - \$130,000 = \$70,000 $$

\boxed{70000}