On monday, Brad buys a space hero model for $8. HE sells it to a friend for $10 on Tuesday. On Wednesday he buys it back for $12. He sells it to another friend on Thursday for $14. How much did Brad make or lose all together on these transactions
2007-09-22 07:27:07 · 6 answers · asked by Anonymous in Science & Mathematics ➔ Mathematics
Brad bought a $8 toy.
He sold it to his friend for $10
He bought it back for $12
Sells it to another friend on Thursday for $14
How much Profit did Brad make
-8
+10
=2
2-12
= -10
-10+14
=4
Brad made a Profit of $4 by selling the Space Hero Model.
2007-09-22 07:36:40 · answer #1 · answered by ajkid 1 · 0⤊ 0⤋
He gains $4.
Total investment = 8 + 12 = $20
Total money received = 10 + 14 = $24
So profit = $4
Hope this helps.
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2007-09-22 14:34:05 · answer #2 · answered by Prashant 6 · 0⤊ 0⤋
This one's very easy. If he buys the toy, consider the amount paid to be negative. If he sells a toy, consider the amount to be positive.
-8+10-12+14 = 4
He earned $4.
2007-09-22 14:36:13 · answer #3 · answered by tangy 5 · 0⤊ 0⤋
buy 8
sell 10
profit 2
now
buy 12
sell 14
profit 2
made a profit of 4 in total
2007-09-22 14:36:55 · answer #4 · answered by dragongml 3 · 0⤊ 0⤋
He makes two dollars on each of the two transactions, so he is up four dollars.
2007-09-22 14:36:15 · answer #5 · answered by anobium625 6 · 0⤊ 0⤋
Okay really not sure but i think it's $14.
2007-09-22 14:36:54 · answer #6 · answered by Anonymous · 0⤊ 0⤋