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  3. a man purchased a used car for $4000. he decided t

A man purchased a used car for $4000. He decided to sell the car for...

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A man purchased a used car for $4000. He decided to sell the car for 30% above his purchase price. He could not sell the car so he reduced his asking price by 30%. If he sells the car at the reduced price, will he have a profit or a loss or will hebreak even?Select the correct choice below and fill in any answer box to complete your answer.OA. The man will have a loss of $B. The man will have a profit of $OC. The man will break even.

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