SOLUTION: A trader made a loss of 10% on a bicycle he sold for #54000.if he had sold it for #57600, what would have been his percentage loss or gain?

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Question 1106514: A trader made a loss of 10% on a bicycle he sold for #54000.if he had sold it for #57600, what would have been his percentage loss or gain?
Answer by josgarithmetic(39621) About Me  (Show Source):
You can put this solution on YOUR website!
v, original value;

54000%3Cv;
abs%2854000-v%29%2Fv=0.10
%28v-54000%29%2Fv=0.10
v-54000=0.1v
0.9v=54000
v=%2810%2F9%29%2A54000
v=60000-------original value of the bicycle

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if he had sold it for #57600, what would have been his percentage loss or gain?
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Still would be a loss, since less than 60000 # units.
%2860000-57600%29%2F60000=fractionLoss
Compute and multiply by 100 to get percent loss.