A woman bought a car for $1500 and sells it to her cousin for $1700. She then buys it back from her cousin for $1800 and sells it to her neighbor for $2000. How much did she gain or lose from these transactions? I'm thinking a $400 gain. Any other opinions? Thanks.
2007-04-23 07:52:23 · 3 answers · asked by Anonymous in Science & Mathematics ➔ Mathematics
100 dollar gain because she initially makes 200 dollars, but then loses 300, but then gains 200: so a net gain of 100.
2007-04-23 07:57:07 · answer #1 · answered by bruinfan 7 · 0⤊ 0⤋
You got it right.
If she bought one car for 1500 and sold for 1700 she made 200.
If she bought ANY car for 1800 and sold it for 2000 she made another 200.
She just gave her cousin 100 to hold it for a while.
2007-04-23 15:03:04 · answer #2 · answered by a simple man 6 · 0⤊ 0⤋
300
gains 2
loses 1
gains 2
= 3
2007-04-23 14:55:09 · answer #3 · answered by teragsg 2 · 1⤊ 0⤋