Solve the problem. See Example 4.Buying and Selling Land  Carl bought two plots of land fo...

Solve the problem. See Example 4.

Buying and Selling Land  Carl bought two plots of land for a total of $120,000. When he sold the first plot, he made a profit of 15%. When he sold the second, he lost 10%. His total profit was $5500. How much did he pay for each piece of land?

EXAMPLE 4

SOLVING AN INVESTMENT PROBLEM