Used Cars Dealer
A car dealer sold two used cars for $9,999 each. Please read below for question.?
A car dealer sold two used cars for $9,999 each. On one she made a 10 percent profit and on the other, she took a 10 percent loss. What was her overall gain or loss on the sales of the two vehicles?
On the one: 9,999 = x + x*(0.1) = 1.1 *x
On the other 9,999 = y - y*(0.1) = 0.9 *y
Solving, x= 9090, so profit = $909
And, y= 11,110, so loss = $1111
Thus, the net loss = 1111 - 909 = $202
Done!
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