### Brain Teasers

# Used Car

Michelle Knaw bought a used car for $600 and sold it for $800. She later bought it back for $1000 and resold it for $1200. Did Michelle make any profit and if so how much?

### Answer

At first it appears that Michelle made a profit of $200, however this is not the case. Michelle made a total profit of $400 since she made $200 profit each time she sold the car.Hide Answer Show Answer

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