Johnson bought a parcel of land for $63,360. Disregarding interest charges on any financing involved, property taxes, and all other variables, if it costs 12% of the future selling price to market this lot, how much must the property increase in value before it can be re-sold without loss:

A: 24%;
B: 112%;
C: $4,320;
D: $8,640.

Answer: D: $8,640.

Business

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