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A woman bought a used car for $600 and sold it a friend for $800........... Did she make any profit and if so, how much?

+1 vote
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A woman bought a used car for $600 and sold it a friend for $800. She later bought it back for $1,000 and resold it for $1,200. Did she make any profit and if so, how much?

posted Apr 30, 2015 by Udita

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3 Solutions

+4 votes

Answer is 400
On each sold she made profit of 200

solution Apr 30, 2015 by Jaspalsingh Parmar
+2 votes

she made a profit of 400

solution May 4, 2015 by Ben Gichuhi
0 votes

She did not make any profit or loss.
Explanation:
Purchased for 600 and sold for 800
So, Profit = 200

Spent to repurchase (loss) - 200

Repurchased for 1,000 and sold for 1,200
And Profit = 200
So this profit tallies with the amount spent to repurchase it.
Therefore no profit and no loss.

solution May 1, 2015 by Naga Jyothi
you're so wrong... Looks at if you are buying a different car (which is not different than buying the same car twice) and you'll realise what's your mistake.
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