Answer:
Pedro had a gain of 1.2%
Step-by-step explanation:
Percentages
Pedro bought two cars. One for $600,000 and the other for $400,000.
He sold the first car at a 10% profit. Thus the gain was:
$600,000 * 10 / 100 = $60,000
He sold the other car at a 12% loss. Thus the loss was:
$400,000 * 12 / 100 = $48,000
The total gain or loss was $60,000 - $48,000 = $12,000
Since it's positive, the total balance is at gain.
The total investment was $600,000 + $400,000 = $1,000,000
The total gain is a percentage of the total investment of:
$12,000 / $1,000,000 * 100 = 1.2%
Pedro had a gain of 1.2%
