SOLUTION: Jim owns a used car lot. Today, he sold two cars for $7,500 each. He made a 25% profit on the first car, but the second sale resulted in a 25% loss. Did he make money, break even,

SOLUTION: Jim owns a used car lot. Today, he sold two cars for $7,500 each. He made a 25% profit on the first car, but the second sale resulted in a 25% loss. Did he make money, break even,

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Question 697272: Jim owns a used car lot. Today, he sold two cars for $7,500 each. He made a 25% profit on the first car, but the second sale resulted in a 25% loss. Did he make money, break even, or lose money today? Show work.
Answer by checkley79(3341) (Show Source): You can put this solution on YOUR website!
1000-2500=$-1500 IS THE LOSS.1.25X=7500
X=7500/1.25
X=6000
PROFIT=7500-6000=$1500
.75X=7500
X=7500/.75
X=10000
LOSS=10000-7500=$2500

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