A dealer bought some second-hand cars for P400, 000.00. He sold them for P500, 000.00

Question

making P20, 000.00 on each car. How many cars were involved?

Answer 1

To find the number of cars involved, we need to divide the profit by the profit per car.

Profit per car = P20,000.00

Profit = P500,000.00 - P400,000.00 = P100,000.00

Number of cars involved = Profit / Profit per car
Number of cars involved = P100,000.00 / P20,000.00 = 5 cars

Therefore, there were 5 cars involved.