A man purchased a used car for $5000 He decided to sell the car for 20% above his purchase price. He could not sell the car so he reduced his asking price by 20% of he sells the car at the reduced price will he have a profit or a loss or will he break even?
Select the correct choice below and fill in any answer box to complete your answer
A. The man will have a profit of __
B. The man will break even
C. The man will have a loss of 5__