A dealer bought some second-hand cars for P400, 000.00. He sold them for P500, 000.00
making P20, 000.00 on each car. How many cars were involved?
To find the number of cars involved, we need to divide the profit by the profit per car.
Profit per car = P20,000.00
Profit = P500,000.00 - P400,000.00 = P100,000.00
Number of cars involved = Profit / Profit per car
Number of cars involved = P100,000.00 / P20,000.00 = 5 cars
Therefore, there were 5 cars involved.