SOLUTION: me lee bought2 identical cars. he sold one at a profit of 15% on the cost and the other one at a loss of 15% on the cost. at the end of the transaction did he make an overall gain

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Question 1049729: me lee bought2 identical cars. he sold one at a profit of 15% on the cost and the other one at a loss of 15% on the cost. at the end of the transaction did he make an overall gain , loss or did he break even
Answer by jorel555(1290) About Me  (Show Source):
You can put this solution on YOUR website!
Let's say the cars cost Lee $100 apiece. Then his profit on the first car is $15. Similarly, the loss on the second car is $15. So, in the end, he broke even. ☺☺☺☺