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A man buys a car for 100k and sells it for 130k. He then buys the same car for 160k and sells it for 170k. Does he make a profit or a loss.

A man buys a car for 100k and sells it for 130k. He then buys the same car for 160k and sells it for 170k. Does he make a profit or a loss.
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5 votes
A man buys a car for 100k and sells it for 130k. He then buys the same car for 160k and sells it for 170k. Does he make a profit or a loss.

User Matthias Berndt
by
8.1k points

2 Answers

5 votes
Step 1: Subtract 100 from 130
100 - 130 = 30

Step 2: Subtract 160 from 170
170 - 160 = 10

Step 3: Add the results found
30 + 10 = 40

The man makes a profit
User SomeKittens
by
8.1k points
6 votes
the answer is profit
User Juniel
by
8.3k points
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