Question

A trader sold a tv for sh .18000 making a 20percent loss.For how much was he supposed to sell it in order to make 20percent profit.​

Answer 1

• The trader was supposed to cell the TV for sh. 27000 in order to make 20% profit

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Let the cost price is x.

We have:

• x - 20% = 18000

Solve it for x:

• x - 0.2x = 18000
• 0.8x = 18000
• x = 18000/0.8
• x = 22500

The cost is 22500, find selling price with 20% profit:

• 22500 + 20% =
• 22500 + 0.2*22500 =
• 22500*1.2 =
• 27000