Question

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 the radio?
(03 marks)​

Answer 1

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.