<PRE><B>Question 1085190</B>
cost + percent profit / 100 * cost = selling price.


when cost is 1500 and percent profit is 6%, this formula becomes:


1500 + .06 * 1500 = selling price.


this becomes 1500 + 90 = 1590.


1590 is the selling price.
90 is the profit.


for the second part of your problem:


cost - percent loss / 100 * cost = selling price.


when selling price is 1380 and percent loss is 8%, this formula becomes:


cost - .08 * cost = 1380


this becomes .92 * cost = 1380.


solve for cost to get cost = 1380 / .92 = 1500


loss is equal to 1380 - 1500 = 120


the profit is 90 and the loss is 120, so the net loss is equal to 30 because 120 - 90 = 30.


looks like both items cost 1500.


the first item is sold at 6% profit for a profit of 90.


the selling price of the first item is 1590.


the second item is sold at 8% loss for a loss of 120.


the selling price of the second item is 1380.


















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