Problem Solving (PS) | After having to pay increased income taxes this year, Edmond has to se

After having to pay increased income taxes this year, Edmond has to sell his BMW. Edmond bought the car for $49,000, but he sold it for a 20% loss. What did Edmond sell the car for?

A. $24,200
B. $28,900
C. $35,600
D. $37,300
E. $39,200

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