Question

Use this question to answer numbers a and b Johnny bought a table for $3200,

and a bed for $5000. Before migrating to the USA he sold the table for $4000

and the bed for $3000.


a. Did he make a profit or loss after selling the table?

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b. Calculate his profit or loss made after selling table

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Answer 1

He made a loss of $1,200.

Explanation:

1. 5000 + 3200 - 7000 = $1,200