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):
Answer by MathTherapy(10556)  (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(39630) (Show Source):
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