SOLUTION: A salesman bought two cars for $10,000 each. He sells both of them, and makes a profit of 12% on the first car and loses 2% on the second car. Overall, did he make a profit or a lo

Question 1082767: A salesman bought two cars for $10,000 each. He sells both of them, and makes a profit of 12% on the first car and loses 2% on the second car. Overall, did he make a profit or a loss and by how much?
Answer by Edwin McCravy(20054) (Show Source): You can put this solution on YOUR website!

12% of $10,000 is a profit of $1200 on the first car.

2% of $10,000 is a loss of $200 on the second car.

Subtract:  $1200 profit minus $200 loss equals $1000 profit.

Edwin

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