https://file.aiquickdraw.com/mathbot/file/17267251295354iitlv8n.jpg

Let's break down the problem step by step:

1. The man purchased the car for **$6,000**.
2. He initially decided to sell the car at **20% above** the purchase price. 
   - Selling price = $ 6000 + 0.20 \times 6000 = 6000 + 1200 = 7200 $ dollars.
   
3. However, he couldn't sell the car, so he reduced the price by **20%**.
   - Reduced price = $ 7200 - 0.20 \times 7200 = 7200 - 1440 = 5760 $ dollars.

Now, to determine if he made a **profit**, **loss**, or **broke even**:

- He bought the car for **$6,000**.
- He is selling the car for **$5,760**.

Since the selling price ($5,760) is **less than** the purchase price ($6,000), the man will incur a **loss**.

### Loss calculation:
\[
\text{Loss} = 6000 - 5760 = 240 \text{ dollars}.
\]

Thus, the correct answer is **A**: The man will have a **loss of $240**.

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Would you like more details or have any questions?  
Here are 5 related questions to consider:
1. How do you calculate percentage increase or decrease?
2. If the man reduced the price by 10% instead of 20%, what would his loss be?
3. What if the man had reduced the price by only 15%? Would he still face a loss?
4. How can we calculate the breakeven point in a transaction?
5. What are some common reasons for adjusting prices in sales?

**Tip**: When dealing with percentage changes, remember that increasing and then decreasing by the same percentage results in an overall loss.

A man purchased a used car for $6000. 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%. If he sells the car at the reduced price, will he have a profit or a loss or will he break even?

Learn how to calculate the loss when selling a car with initial percentage increase followed by a percentage decrease. This example uses a car purchased for $6000, with a selling price initially increased by 20% and then reduced by 20%. Suitable for students in Grades 8-10.

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