Multiple Choice
James had $80 000 in the bank. He used some of this cash to buy a new car for $67 000 on 1 January. He subsequently modified the car, at no cost, and sold it for $78 000 on 1 March. What profit did James make from the sale of the car?
A) $3000
B) $8000
C) $11 000
D) $14 000
Correct Answer:
Verified
Correct Answer:
Verified
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