A person paid $60 for a vase at an estate auction. She resold it to an antiques dealer for $50. What

Discussion in 'Calculator Requests' started by math_celebrity, Sep 15, 2019.

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  1. math_celebrity

    math_celebrity Administrator Staff Member

    A person paid $60 for a vase at an estate auction. She resold it to an antiques dealer for $50. What was her profit or loss

    She lost, since the sale price was less than the purchase price.

    The loss is calculated as:
    50 - 60 = -$10
     
    math_celebrity, Sep 15, 2019
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