document.write( "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? \n" ); document.write( "

Algebra.Com's Answer #688180 by josgarithmetic(39617) $\"\"$ $\"About$

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If sold for 600 naira, 20% profit.
\n" ); document.write( "p, original price
\n" ); document.write( " $\"%28600-p%29%2Fp=0.2\"$ \r
\n" ); document.write( "\n" ); document.write( " $\"600=p%2B0.2p\"$ \r
\n" ); document.write( "\n" ); document.write( " $\"600=1.2p\"$ \r
\n" ); document.write( "\n" ); document.write( " $\"p=600%2F1.2\"$ \r
\n" ); document.write( "\n" ); document.write( " $\"highlight_green%28p=500%29\"$ , original purchase price\r
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\n" ); document.write( "\n" ); document.write( "Sold at 40% loss.
\n" ); document.write( "Loss of amount $\"0.4%2A500=200\"$ naira\r
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document.write( "(purchase price) - (loss amount) = price sold\r\n" );
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