Masada sold his radio to Agouti at sh 63,000 making a loss of 10%. Agouti later sold the radio to Cheney at a profit of 15%. (a) Calculate the amount of money Masada paid for th…

Question

asked Feb 12, 2021 188k views

1 Answer

Lukstei · Answer 1 · 2021-02-15T20:37:41+0000

Given:

Selling price of radio for Masada = 63,000

Loss = 10%

To find:

The amount of money Masada paid for the radio?

Solution:

Let x be the amount of money Masada paid for the radio.

According to the question,

$x-10\%\text{ of }x=63000$

x-(10)/(100)x=63000

x-0.1x=63000

0.9x=63000

Divide both sides by 0.9.

x=(63000)/(0.9)

x=70000

Therefore, Masada paid 70,000 for the radio.