Problem Solving

Ms. Adams sold two properties, X and Y, for $30,000 each. She sold property X for 20 percent more than she paid for it and sold property Y for 20 percent 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.


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-Patrick