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A woman purchased a used car for $6000 She decided to sell the car for 40% above her purchase price. She could not sell the car so she reduced
her asking price by 40% If she sells the car at the reduced price, will she have a profit or a loss or will she break even?

Respuesta :

Cricetus

Answer:

loss by $960

Step-by-step explanation:

The purchase price of the car = $6000   ----------(A)

The percentage increment = 40%

Hence increment = 40% of $6000

= 0.40 x $6000

=$2400

Hence New Selling price for the lady = $6000+$2400= $8400

now as she was unable to sell the ca at this price. The price was educed by 40%

Hence reduced price = 40% of new selling price

=40% of $8400

=0.40 x $8400

=$3360

Hence Final Selling price = $8400 - $3360

= $5040  -----------(B)

Since

(A) > (B)

Purchase price is bigger than the final sold price

Thee will be loss by $6000-$5040= $960

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