A car dealership sold two cars: the first car at a 10% profit and the second car at a 10% loss, which gave them an overall profit margin of 5% from these two sales. If the dealership's total profit was $1000, what was the sale price of each car?
A) $5,000 and $1,000
B) $9,000 and $5,000
C) $11,000 and $9,000
D) $15,000 and $5,000
E) $20,000 and $10,000
OA is D
I'm struggling with the question, can an expert explain why it is D? Thanks a lot.
A) $5,000 and $1,000
B) $9,000 and $5,000
C) $11,000 and $9,000
D) $15,000 and $5,000
E) $20,000 and $10,000
OA is D
I'm struggling with the question, can an expert explain why it is D? Thanks a lot.
