Answer :
We are given that Jose bought his car for \[tex]$7000 and sold it for \$[/tex]5000. To determine his loss, we subtract the sale price from the purchase price:
[tex]$$
\text{Loss} = 7000 - 5000 = 2000.
$$[/tex]
So, his loss is \[tex]$2000. Jose’s claim of a \$[/tex]20,000 loss occurred because he mistakenly added an extra 0.
Thus, the correct option is:
A
If he sold the car for \[tex]$5000 and had bought it for \$[/tex]7000 then his loss would be \[tex]$7000 - \$[/tex]5000 = \$2000. He accidentally added a 0 at the end.
[tex]$$
\text{Loss} = 7000 - 5000 = 2000.
$$[/tex]
So, his loss is \[tex]$2000. Jose’s claim of a \$[/tex]20,000 loss occurred because he mistakenly added an extra 0.
Thus, the correct option is:
A
If he sold the car for \[tex]$5000 and had bought it for \$[/tex]7000 then his loss would be \[tex]$7000 - \$[/tex]5000 = \$2000. He accidentally added a 0 at the end.
