hard · Gre Quant
A real estate developer purchased a plot of land and sold it one year later for a profit of 25%. The buyer then sold the same plot for $600,000, realizing a 20% loss on their purchase price.
What was the developer's original purchase price for the land?
- $550,000
- $600,000
- $625,000
- $750,000
- $480,000
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