SOLUTION: a pair of shoes which costs Rs.320 was sold at a loss of 5%. what was the selling price if it were sold at a profit of 20%. find also the gain percent if it were sold for rs 360?

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: a pair of shoes which costs Rs.320 was sold at a loss of 5%. what was the selling price if it were sold at a profit of 20%. find also the gain percent if it were sold for rs 360?      Log On


   



Question 1088628: a pair of shoes which costs Rs.320 was sold at a loss of 5%. what was the selling price if it were sold at a profit of 20%. find also the gain percent if it were sold for rs 360?
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
If it's sold at a profit of 20%,
P=320%281%2B20%2F100%29=320%281%2B0.2%29=320%281.2%29=384
.
..
%28%28360-320%29%2F%28320%29%29%2A100=4000%2F320=12.5
12.5% increase.