Question 930220: Marlena bought two used cars and then sold them for $7500 each. She sold one of them for a 25% profit, and the other for a 25% loss. Overall, did she make money or lose money? How much was her profit or loss?
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! Marlena bought two used cars and then sold them for $7500 each. She sold one of them for a 25% profit, and the other for a 25% loss. Overall, did she make money or lose money? How much was her profit or loss?
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Buying cost of the car she made profit on:: p + 0.25p = 7500
1.25p = 7500
p = $6000
She bought the car for 6000 and made $1500 on the sale.
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Buying cost of the car she had loss on:: c - 0.25c = 7500
0.75c = 7500
c = $10,000
She bought the car for 10000 and lost $2500 on the same.
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Ans:: She lost money:: 2500-1500 = $1000 (amt. she lost)
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Cheers,
Stan H.
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