Mike Has Spent $800 Purchasing and Repairing an Old Motorcycle,which

Multiple Choice

Mike has spent $800 purchasing and repairing an old motorcycle,which he expects to sell for $1,200.He discovers that he needs an additional repair,which will cost $200.He can sell the motorcycle as it is now for $400.What should he do

A) He should take the $400.
B) He should never sell something for less than it cost.
C) He should complete the repairs and sell the motorcycle.
D) It doesn't matter which action he takes; the outcome is the same either way.