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eclaym2003
- Junior | Next Rank: 30 Posts
- Posts: 26
- Joined: Sat Feb 02, 2008 11:08 pm
A used car dealer sold one car at a profit of 25 percent of the dealer's purchase price for that car and sold another at a loss of 20 percent of the dealer's purchase price for that car. If the dealer sold each car for $20,000, what was the dealer's total profit or loss, in dollars, for the two transactions combined?
$1,000 profit
$2,000 profit
$1,000 loss
$2,000 loss
$3,334 loss
On this one I totaled up $40,000 for what he would have gotten for the cars at no profit or loss then I totaled theprofit and loss and I ended up with $41,000. I subtract that from the $40,000. I ended up getting a $1,000 profit not a $1,000 loss.
By the way, the answer is a $1,000 loss.
$1,000 profit
$2,000 profit
$1,000 loss
$2,000 loss
$3,334 loss
On this one I totaled up $40,000 for what he would have gotten for the cars at no profit or loss then I totaled theprofit and loss and I ended up with $41,000. I subtract that from the $40,000. I ended up getting a $1,000 profit not a $1,000 loss.
By the way, the answer is a $1,000 loss.
