Money
Talk to a partner about what you could buy with ECD$1000. What could you not buy?
Jade buys an old car for ECD$12 100. She spends ECD$3 500 on new parts. She sells the car for ECD$18 000. Calculate the profit Jade has made. Let’s show the problem in a bar model.
Prof it
12 100
3 500
18 000
The total purchased = 12 100 + 3 500 = 15 600 Profit = selling price − purchase price = 180 000 − 15 600 = 2 400 She has made a profit of ECD$2 400
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