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1955 AMC 12 Question 26

AMC12 · 1955 AMC 12

Question 26

Mr. $A$ owns a house worth $\$10{,}000.$ He sells it to Mr. $B$ at $10\%$ profit. Mr. $B$ sells the house back to Mr. $A$ at a $10\%$ loss. Then:
  1. Mr. $A$ comes out even
  2. Mr. $A$ makes $\$100$
  3. Mr. $A$ makes $\$1{,}000$
  4. Mr. $B$ loses $\$100$
  5. none of the above is correct