SOLUTION: If certain item is sold for x pesos, there is a loss of 30% based of the cost of the item. However, if the same item is sold for y pesos there is a gain
of 20% based on the cost o
Question 1007755: If certain item is sold for x pesos, there is a loss of 30% based of the cost of the item. However, if the same item is sold for y pesos there is a gain
of 20% based on the cost of the item. What percent of y (to the nearest whole number) is x?
You can put this solution on YOUR website! Let us use 100 pesos as the cost of the item
x must be 70 pesos, since 30% is lost.
y must be 120 pesos, since 20% is gained.
x/y = 70/120 = .58333 = 58.333% or about 58%
