What was Mrs. Smith's net gain or loss after selling two tracts of land, one for a profit and the other for a loss?

To determine Mrs. Smith's net gain or loss after selling two tracts of land, we need to analyze both transactions. The total gain or loss is realized by subtracting the total amount lost from the total amount gained. If Mrs. Smith sold one tract at a profit and another at a loss, her overall financial outcome depends on the specific values of these transactions.

The answer of $10,000 suggests that the profit from one tract was greater than the loss from the other tract, resulting in a net positive outcome of $10,000. This means that the profit from the tract that was sold for a gain was substantial enough to exceed the amount lost in the other sale but doesn't imply excessive gains.

It's important to understand how net gain or loss is calculated: net gain = total profit - total loss. Based on the answer given, Mrs. Smith's overall transactions resulted in a favorable outcome, but only by a moderate amount of $10,000.

If other options represented higher net gains, they would require scenarios where either the profit from the first tract was significantly large or the loss from the second tract minimal, which did not align with the indicated net result of $10,000. Thus, the calculations and logical understanding point