SOLUTION: Veronica sold an old table at a loss of 20%. If she had sold the table for Rs. 40 more, she would have gained 5%. The selling price in the latter case was:

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Question 986846: Veronica sold an old table at a loss of 20%. If she had sold the table for Rs. 40 more, she would have gained 5%. The selling price in the latter case was:
Found 2 solutions by ankor@dixie-net.com, MathTherapy:
Answer by ankor@dixie-net.com(22740) About Me  (Show Source):
You can put this solution on YOUR website!
Veronica sold an old table at a loss of 20%.
If she had sold the table for Rs. 40 more, she would have gained 5%.
The selling price in the latter case was:
:
Find the original price first, a 20% loss mean she sold it for 80% of it's value
Let x = the original price
.80x + 40 = 1.05x
40 = 1.05x - .80x
40 = .15x
x = 40/.15
x = $266.67 is the original price
The latter case price
1.05 * 266.67 = $280

Answer by MathTherapy(10552) About Me  (Show Source):
You can put this solution on YOUR website!

Veronica sold an old table at a loss of 20%. If she had sold the table for Rs. 40 more, she would have gained 5%. The selling price in the latter case was:
Cost of table: Rs. 160

Latter selling price: 1.05(160), or highlight_green%28%22Rs.%22168%29