Question 1073274
If sold for 600 naira, 20% profit.
p, original price
{{{(600-p)/p=0.2}}}

{{{600=p+0.2p}}}

{{{600=1.2p}}}

{{{p=600/1.2}}}

{{{highlight_green(p=500)}}}, original purchase price




Sold at 40% loss.
Loss of amount  {{{0.4*500=200}}} naira


<pre>
(purchase price) - (loss amount) = price sold
{{{500-200=highlight_green(300*naira)}}}
</pre>