SOLUTION: A book seller bought gross of a particular book for 2880 naira. He sold 5score at a profit of 2 naira on each book and sold the rest 132 naira. Find the profit or loss percent

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: A book seller bought gross of a particular book for 2880 naira. He sold 5score at a profit of 2 naira on each book and sold the rest 132 naira. Find the profit or loss percent       Log On


   

Question 954770: A book seller bought gross of a particular book for 2880 naira. He sold 5score at a profit of 2 naira on each book and sold the rest 132 naira. Find the profit or loss percent
Answer by macston(5194) About Me  (Show Source):
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total cost/number of items=cost per item
₦2880/144=₦20/book
100* ₦(20+2)=₦2200 Total taken in for 100 books is ₦2200.
₦2200+₦132=₦2332 total taken in for all books.
Total taken in-total cost=Profit(+) or loss (-)
₦2332-₦2880=-₦548 He had a loss of ₦548
-₦548/₦2880(100%)= -19% He had a loss of 19%.