Question

A woman purchased a used car for $3,000. She decided to sell the car for 20% above her purchase price. She could not sell the car so she reduced asking price by 20%. If she sells the car at the reduced price, she will have a profit or a loss or will she break even?

10.1 #17

Answer 1

She will break even
3000x20%=600. Which is above her purchase price total 3600 and she couldn’t sell.
She reduced the asking price(3600) by 20%
Which would -600. Now she’s asking 3000 what she paid.
Hope this helps

Answer 2

She will have a loss of $ 120

Explanation:

Purchase price of car = $ 3000

20% of 3000 =
`(20)/(100)*3000`

= 20 * 30

= $ 600

Selling price = 3000 + 600 = $ 3600

Reduction price = 20% of 3600

`(20)/(100)*3600`

= 20 * 36

= $ 720

Current selling price after reduction = 3600 - 720

= $ 2880

Loss = 3000 - 2880

= $ 120