SOLUTION: If a dealer had sold a stereo for N600(naira), he would have made a 20 percent profit. Instead, the dealer sold it for a 40percent loss. At what price was the stereo sold?

Question 1073274: If a dealer had sold a stereo for N600(naira), he would have made a 20 percent profit. Instead, the dealer sold it for a 40percent loss. At what price was the stereo sold?
Found 3 solutions by rfer, MathTherapy, josgarithmetic:
Answer by rfer(16322)   (Show Source): You can put this solution on YOUR website!
600/0.60=1000
Answer by MathTherapy(10552)   (Show Source): You can put this solution on YOUR website!
If a dealer had sold a stereo for N600(naira), he would have made a 20 percent profit. Instead, the dealer sold it for a 40percent loss. At what price was the stereo sold?

Correct answer:
According to another person's response, itw's sold for 1,000.
How can he sell it for N600 and make a 20% profit, but if he sells it for 1,000, he loses 40%? Does this make sense? I think not!! Not in a million years!
Answer by josgarithmetic(39617)   (Show Source): You can put this solution on YOUR website!
If sold for 600 naira, 20% profit.
p, original price

, original purchase price

Sold at 40% loss.
Loss of amount naira

(purchase price) - (loss amount) = price sold

RELATED QUESTIONS
art dealer sold 2 artworks for 1520. made a profit of 25% on the first work and 10%... (answered by josmiceli)
A dealer bought a diamond for #x and sold it for 165500.What was the... (answered by ewatrrr)
An art dealer sold two artworks for $1520 thereby making a profit of 25% on the first... (answered by stanbon,572730)
1. An art dealer sold two artworks for $1520 thereby making a profit of 25% on the first... (answered by PS)
An art dealer sold two art works for $1520 thereby making a profit of 25% on the first... (answered by ankor@dixie-net.com)
An art dealer sold two artworks for $1520 thereby making a profit of 25% on the first... (answered by ankor@dixie-net.com)
An art dealer sold two artworks for $1520 thereby making a profit of 25% on the first... (answered by ankor@dixie-net.com)
Find percentage error,by selling a crate of soft drinks for 600 naira,a dealer made a... (answered by rfer)
An art dealer sold two artworks for $1520 thereby making a profit of 25% on the first... (answered by ankor@dixie-net.com)