Question

The price of car A is 25% more than that of car B. By what percent is the price of car B less than that of car A? ​

Answer 1

the answer is 75 %

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Answer 2

Let’s let C = the original cost of each individual car. We can create the equation for the sale of the first car, which netted a 25% profit, as:

60,000 - C = 0.25C

60,000 = 1.25C

48,000 = C

So, he made 60,000 - 48,000 = 12,000 dollars.

The equation for the sale of the second car, which netted a 25% loss, is:

60,000 - C = -0.25C

60,000 = 0.75C

80,000 = C

So, he lost 80,000 - 60,000 = 20,000 dollars.

Thus, he had an overall loss of 8,000 dollars.