Art Conn bought a used car for $600 and sold it to Hardy Pyle for

$800. He later bought it back for $800 and resold it for $1000.
Did Art make a profit, if so how much?

Is the correct answer yes $400?

Right!

No, the correct answer is $0. Art did not make a profit. Let's break it down step by step:

1. Art bought a used car for $600.
2. He sold it to Hardy Pyle for $800, making a sale price of $800.
3. Art bought the car back from Hardy Pyle for $800.
4. Finally, Art resold the car for $1000.

To calculate Art's profit or loss, we need to subtract the total expenses from the total revenue:

Total Revenue = $1000
Total Expenses = $600 (initial purchase) + $800 (buyback) = $1400

Profit/Loss = Total Revenue - Total Expenses
Profit/Loss = $1000 - $1400
Profit/Loss = -$400

Since the result is negative, Art did not make any profit. He actually incurred a loss of $400.

Yes, the correct answer is that Art made a profit of $400. Let me explain how we arrived at this answer.

To determine if Art made a profit, we need to calculate the overall gain or loss from his transactions. Here's the breakdown of the transactions:

1. Art bought a used car for $600.
2. Art sold the car to Hardy Pyle for $800.
3. Art bought the car back for $800.
4. Art resold the car for $1000.

To calculate the overall gain or loss, we need to subtract the total amount Art spent from the total amount he received.

Total amount spent:
- The initial purchase of the car for $600.
- Buying the car back for $800.

Total amount received:
- Selling the car to Hardy Pyle for $800.
- Reselling the car for $1000.

Calculating the sums:
Total spent: $600 + $800 = $1400
Total received: $800 + $1000 = $1800

To determine the profit, we subtract the total spent from the total received: $1800 - $1400 = $400.

Therefore, Art made a profit of $400 from these transactions.