John bought a car for $20 000. He sold it for 30% profit. From the money raised from this slae, he bought another more expensive car, which unfortunately he had to sell for a 30 percent loss. What was his overall profit or loss?

Question

Lia Blevins

Mathematics

28 July, 04:39

John bought a car for $20 000. He sold it for 30% profit. From the money raised from this slae, he bought another more expensive car, which unfortunately he had to sell for a 30 percent loss. What was his overall profit or loss?

+1

Answers (2)

Know the Answer?

Franklin Watson · Answer 1

Franklin Watson 28 July, 04:48

0

The overall loss was $1800

Richmond · Answer 2

His overall loss was $1,800

20,000x30%=6,000

6,000+20,000=26,000

26,000x30%=7,800

26,000-7,800=18,200

20,000 (the amount of money he started with) - 18,200 (the amount of money he ended up with) = 1,800