Cybil Baunt just inherited a 1958 Chevy Impala from her late Aunt Joop. Aunt Joop purchased the car 25 years ago for $5,000. Cybil is either going to sell the car for $2,000 or have it restored and sell it for $16,000. The restoration will cost $10,000. Cybil would be better off by:

Question

Quizplus · Accepted Answer

If Cybil restores the car, she will spend $10,000 and sell it for $16,000, making a profit of $6,000. If she sells it as is, she will get $2,000. The difference is $4,000, so she is better off by $4,000 if she restores it.

Cybil Baunt Just Inherited a 1958 Chevy Impala from Her