Can you please help in explaining the solution to this problem
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 her 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. There was neither a net gain nor a net loss
thanks
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 her 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. There was neither a net gain nor a net loss
thanks
