### Break Down the Problem
1. Identify the selling price of the bed.
2. Identify the purchase price of the bed.
3. Calculate the profit or loss from the transaction.

### Relevant Concepts
- Profit or Loss = Selling Price - Purchase Price.

### Analysis and Detail
1. Selling Price = $3,000
2. Purchase Price = $4,000
3. Calculate Profit or Loss:

$$
\text{Profit or Loss} = 3000 - 4000 = -1000
$$

### Verify and Summarize
The result of the calculation indicates a loss of $1,000 from the transaction.

### Final Answer
C. -$1,000

Question

### Break Down the Problem
1. Identify the selling price of the bed.
2. Identify the purchase price of the bed.
3. Calculate the profit or loss from the transaction.

### Relevant Concepts
- Profit or Loss = Selling Price - Purchase Price.

### Analysis and Detail
1. Selling Price = $3,000
2. Purchase Price = $4,000
3. Calculate Profit or Loss:

$$
   \text{Profit or Loss} = 3000 - 4000 = -1000
   $$

### Verify and Summarize
The result of the calculation indicates a loss of $1,000 from the transaction.

### Final Answer
C. -$1,000

Knowee AI · Accepted Answer

### Break Down the Problem
1. Identify the selling price of the bed.
2. Identify the purchase price of the bed.
3. Calculate the profit or loss from the transaction.

### Relevant Concepts
- Profit or Loss = Selling Price - Purchase Price.

### Analysis and Detail
1. Selling Price = $3,000
2. Purchase Price = $4,000
3. Calculate Profit or Loss:

$$
   \text{Profit or Loss} = 3000 - 4000 = -1000
   $$

### Verify and Summarize
The result of the calculation indicates a loss of $1,000 from the transaction.

### Final Answer
C. -$1,000

Clememce sells her bed for $3,000. She had bought it for $4,000.That transaction generates an income of A.$4,000B.$3,000C.-$1,000D.$1,000

Question

Clememce sells her bed for $3,000. She had bought it for$ 4,000. That transaction generates an income of

Solution