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Answers
A
B
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D
E
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Official Guide
Ms. Adams sold two properties, \(X\) and \(Y\), for \(\$30,000\) each. She sold property \(X\) for \(20\%\) more than she paid for it and sold property \(Y\) for \(20\%\) less than she paid for it. If expenses are disregarded, what was the total net gain or loss, if any, on the two properties?
A. Loss of \(\$1,250\)
B. Loss of \(\$2,500\)
C. Gain of \(\$1,250\)
D. Gain of \(\$2,500\)
E. Neither a net gain nor a net loss
OA B
Ms. Adams sold two properties, \(X\) and \(Y\), for \(\$30,000\) each. She sold property \(X\) for \(20\%\) more than she paid for it and sold property \(Y\) for \(20\%\) less than she paid for it. If expenses are disregarded, what was the total net gain or loss, if any, on the two properties?
A. Loss of \(\$1,250\)
B. Loss of \(\$2,500\)
C. Gain of \(\$1,250\)
D. Gain of \(\$2,500\)
E. Neither a net gain nor a net loss
OA B
