goodglory wrote:

A used car dealer sold one car at a profit of 25 percent of the dealer's purchase price for that car and sold another car at a loss of 20 percent of the dealer's purchase price for that car. If the dealer sold each car fo $20,000, what was the dealer's total profit or loss, in dollars, for the two transactions combined?

A. 1000 PROFIT

B. 2000 PROFIT

C. 1000 LOSS

D. 2000 LOSS

E. 3334 LOSS

Profit=R-C

X @ 20000

Y @ 20000

X: .25C=20000-C 1.25C=20000 4/5*20000--> 16000=C So profit is 4000.

Y: -(.2C)=20000-C Remember this is going to be a loss.

.8C=20000 --> 10/8*20000 C=25000

So loss is 5000.

4000-5000=-1000

I get C.