A woman bought a used car for $600 and sold it a friend for $800. She later bought it back for $1,000 and resold it for $1,200. Did she make any profit and if so, how much?

VIEW SOLUTION BELOW

THE SOLUTION

At first glance it appears she made a profit of $200, however this is not the case. She made a total profit of $400 since she made $200 profit each time she sold the car.