Question

jesse bought a car for 2,200,000 he sold for a 20% profit from the money raised from the sale he bought another more expensive car which unfortunately he had to sell for a 10% loss that was his overall profit or loss​

Answer 1

Answer:1,76,000 Profit

Step-by-step explanation:

Given

Jesse initially bought the car for 2,200,000 and sold it for 20 %

S.P.=C.P.(1+Profit%)

so, the Selling price of the car is S.P.=$2,200,000\times 1.2=2,640,000$

profit=2,640,000-2,200,000=4,40,000

After this, he bought another car and sells it for a 10 % loss

So, the selling price of the car is $2,640,000\times 0.9=2,376,000$

loss=2,640,000-2,376,000=2,64,000

Net Profit or loss=4,40,000-2,64,000=1,76,000 Profit