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OpenStudy (anonymous):
A dealer bought an article for $7 sold it for $8 bought it back for $9 and then sold it for $10 how much profit did he make
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OpenStudy (anonymous):
$0
OpenStudy (anonymous):
step 0 $20 step 1 $13(20-7) step 2 $21(13+8) step 3 $12(21-9) step 4 $22(12+10)
OpenStudy (anonymous):
he started off with $20 and now has $22. That's a $2 profit.
OpenStudy (anonymous):
Recheck that...
OpenStudy (anonymous):
He invested $8 from is pocket and made $10 at the end of it. Hence profit is 12.5%
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OpenStudy (anonymous):
7 to 8 1 dollar profit 8 to nine 1 dollar loss 9 to 10 1 dollar profit answer $1
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