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October 20th, 2014, 05:38 PM   #1
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Find the loss or gain percent on the total cost price.

A garage owner sell two cars for N300 000 thereby making profit of 20% on the cost price of the second. Find the loss or gain percent on the total cost price.

I believe the total selling price = 300 000. My problem is how to get selling price of each of the car.
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October 20th, 2014, 08:24 PM   #2
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Chikis, sorry but that makes no sense.
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October 20th, 2014, 09:09 PM   #3
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I think it does.
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October 20th, 2014, 11:28 PM   #4
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There isn't enough information to begin answering this.
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October 22nd, 2014, 04:37 AM   #5
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Without further information, there would be numerous possibilities, such as each car having a cost price of N160000, the first being sold for N208000 (a profit of 30%), and the second being sold for N192000 (a profit of 20%).
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October 22nd, 2014, 04:43 AM   #6
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Quote:
Originally Posted by Chikis View Post
I think it does.
Chikis, "thinking" only is not proper math;
show WHY, or quit thinking !
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