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.

To find the overall profit or loss, you need to calculate the profit or loss separately for each transaction and then combine them.

Let's start with the first transaction:

Jon bought a car for $20,000 and sold it for a 30% profit. To calculate the profit, you need to find 30% of the cost price and add it to the cost price.

Profit = 30% of $20,000 = 0.30 * $20,000 = $6,000

So, Jon made a profit of $6,000 in the first transaction.

Now, let's move to the second transaction:

Jon bought another car, which was more expensive, but we don't know the exact cost price. However, we know that he sold it at a 30% loss. To calculate the loss, you need to find 30% of the selling price and subtract it from the selling price.

Loss = 30% of (selling price of the more expensive car)

Unfortunately, we don't have the selling price, so we can't calculate the exact loss in dollars.

To determine the overall profit or loss, you subtract the losses from the profits:

Overall profit or loss = Profit from the first transaction - Loss from the second transaction

Overall profit or loss = $6,000 - (unknown amount of loss)

Without knowing the selling price of the more expensive car or the exact loss amount, we cannot determine the overall profit or loss at this point.