SOLUTION: Tim bought a tennis racket for $320 and a sports bag for $200. Then he sold the racket at a profit of 20% and the bag at a loss of 5%. Find the overall profit or loss.

Question 1174180: Tim bought a tennis racket for $320 and a sports bag for $200. Then he sold the racket at a profit of 20% and the bag at a loss of 5%. Find the overall profit or loss.
Answer by ikleyn(52921) (Show Source): You can put this solution on YOUR website!
.


His revenue is  1.2*320 + 0.95*200 = 574 dollars.


It is  574 - (320+200) = 54 dollars more than his spending.


Hence, he has a profit of 54 dollars.

Solved, answered and explained.

RELATED QUESTIONS
Find the price of a tennis racket that is on sale for 20% off? show work (answered by Fombitz)

A $65 tennis racket is on sale for 20% off. What is the sale... (answered by ikleyn)

The tennis coach at Summerfield High School is purchasing equipment for the team. He has... (answered by math_tutor2020)

Whackedmhard sports is planning to introduce a new line of tennis rackets . The fixed... (answered by Boreal,solver91311)

A tennis racket that normally sells for $280 is on sale for 25% off. If the sales tax... (answered by josmiceli)

What is the kinetic energy (in Joules) of a 60.0 g tennis ball traveling toward a tennis... (answered by ikleyn)

If the sales tax is 6.5%, what is the cost with tax for a tennis racket that sells for... (answered by harpazo,Alan3354)

A manufacturer of tennis rackets finds that the total cost C(x) (in dollars) of... (answered by stanbon)

the difference between a number divided by 3 and 4 is 20. and, Aubrey has $120 to... (answered by ankor@dixie-net.com)