Question
Solve the following problems.
A man bought a car for $8200 and sold it for 80% of the price two years later. How much did he lose?
A man bought a car for $8200 and sold it for 80% of the price two years later. How much did he lose?
Answers
GPT-4o mini
To find out how much the man lost when he sold the car, we first need to calculate the selling price.
1. **Original price of the car**: $8200
2. **Selling price (80% of the original price)**:
\[
\text{Selling price} = 0.80 \times 8200 = 6560
\]
3. **Loss**:
To find the loss, subtract the selling price from the original price:
\[
\text{Loss} = \text{Original price} - \text{Selling price} = 8200 - 6560 = 1640
\]
Therefore, the man lost **$1640**.
1. **Original price of the car**: $8200
2. **Selling price (80% of the original price)**:
\[
\text{Selling price} = 0.80 \times 8200 = 6560
\]
3. **Loss**:
To find the loss, subtract the selling price from the original price:
\[
\text{Loss} = \text{Original price} - \text{Selling price} = 8200 - 6560 = 1640
\]
Therefore, the man lost **$1640**.