Fred bought a car for $860 and sold it for $1300.
How much profit did he make?
Can you do
1300 - 860 ?
mathhelper, I did that on my test and got it wrong. I don't know the answer.
ACTUALLY....... YOU WERE RIGHT! I FIXED THE ANSWER ON MY TEST AND GOT IT CORRECT, JUST SUBTRACTED WRONG.
To calculate the profit Fred made, we need to find the difference between the selling price and the buying price.
Profit = Selling price - Buying price
Selling price = $1300
Buying price = $860
Therefore, profit = $1300 - $860 = $440.
So, Fred made a profit of $440.