Posted by Katherine :)) on .
Jon bought a car for 20000 and sold it for 30% profit. Then he bought another more expensive car and sold it for 30% loss. Wat was his overall profit or loss?
I got 1st 26000 profit
Then 18200 loss
Overall? I minus them or??
Overall loss, neglecting benefit from use of the car, is
loss = $20,000 - $18,200 = $1800
It is a loss because he ended up with less money than the start.