Question

Jack bought a car for $50,000. He spent $5000 on repairs. He sold the car at a profit of $5000. At what price did he sell the car.​

Answer 1

Answer:$60,000

Explanation:

If he bought it for $50,000 and then spent $5,000 on repairs then he spent a total of $55,000. For a profit of $5,000 he would need to sell it for $60,000 Because

60,000 - 55,000 = 5,000