High School

We appreciate your visit to Jose sold his car for tex 5000 tex to his neighbor He calculated that since he had bought his car for tex 7000 tex a. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!

Jose sold his car for [tex]\$5000[/tex] to his neighbor. He calculated that since he had bought his car for [tex]\$7000[/tex] a year ago, he lost [tex]\$20,000[/tex] when he sold it.

Which describes his conclusion?

A. If he sold the car for [tex]\$5000[/tex] and had bought it for [tex]\$7000[/tex], then his loss would be [tex]\$7000 - \$5000 = \$2000[/tex]. He accidentally added a 0 at the end.

B. He is correct with his conclusion.

C. He is incorrect. He lost [tex]\$5000[/tex].

D. He is incorrect. He lost [tex]\$7000[/tex].

Answer :

We are given that Jose bought his car for \[tex]$7000 and sold it for \$[/tex]5000. To determine his loss, we subtract the sale price from the purchase price:

[tex]$$
\text{Loss} = 7000 - 5000 = 2000.
$$[/tex]

So, his loss is \[tex]$2000. Jose’s claim of a \$[/tex]20,000 loss occurred because he mistakenly added an extra 0.

Thus, the correct option is:

A
If he sold the car for \[tex]$5000 and had bought it for \$[/tex]7000 then his loss would be \[tex]$7000 - \$[/tex]5000 = \$2000. He accidentally added a 0 at the end.

Thanks for taking the time to read Jose sold his car for tex 5000 tex to his neighbor He calculated that since he had bought his car for tex 7000 tex a. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!

Rewritten by : Barada