document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=52272>Question 52272</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A used car dealer sold two cars and received $560 for each car. One of these transactions amounted to a 40% profit for the dealer, whereas the other amounted to a 20% loss. Show that the dealer’s net profit on the two transactions was $20.\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #293624 by </B><A HREF=/tutors/aboutme.mpl?userid=jorel1380><B>jorel1380(3719)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jorel1380><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=jorel1380><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=293624\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> If the dealer sold the first car for a 40% profit, then his cost can be found by x + .40x = 560.  Thus his cost 560/1.4 which is $400; thus his profit was $160.  By the same token, his loss on the second car was x - .20x = 560. His cost here was x = 560/.8 = 700. His profit here was -$140.  His total profit was $160 - $140<BR>\n" );
document.write( "which is $20. </SPAN>\n" );
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