Free Practice Question
PS · Problem Solving
555-605
Percentages
A used car dealer sold one car at a profit of 25 percent of the dealers purchase price for that car and sold another car at a loss of 20 percent of the dealers purchase price for that car. If the dealer sold each car for $20,000 , what was the dealers total profit or loss, in dollars, for the two transactions combined?
Answer Choices
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1000 profit
B
2000 profit
C
1000 loss
D
2000 loss
E
3334 profit
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Explanation
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Difficulty
555-605
Type
PS
Category