SOLUTION: if a television set was sold at $800 then a profit of 20% could have been made. but it was sold at a loss of 30%. What was the selling price of the television set

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Question 981448: if a television set was sold at $800 then a profit of 20% could have been made. but it was sold at a loss of 30%. What was the selling price of the television set
Answer by macston(5194) About Me  (Show Source):
You can put this solution on YOUR website!
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cost=$800/1.20=$666.67
loss of 30%=70% of cost
loss of 30%=0.70($666.67)=$466.67