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
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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):
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
