Profit Or Loss Riddle Solution - 20 March
Johanna purchased a portable music player for $100 through a deal. She sold it to Sindy for $125. After a year, she bought it back from Sindy at $150. Upon using it for a month, she sold it to Suzzanne for $175. Can you calculate if this entire deal was profitable or a loss for Johanna?
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SolutionIn the first deal, Johanna made a profit of $25 from Sindy. In the second deal, Johanna made a profit of $25 again from Suzzanne. Therefore, the entire deal was profitable for Johanna and she made a total profit of $50.
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