My Math Forum Find the loss or gain percent on the total cost price.

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 October 20th, 2014, 05:38 PM #1 Senior Member     Joined: Jan 2012 Posts: 745 Thanks: 7 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.
 October 20th, 2014, 08:24 PM #2 Math Team   Joined: Oct 2011 From: Ottawa Ontario, Canada Posts: 14,597 Thanks: 1038 Chikis, sorry but that makes no sense.
 October 20th, 2014, 09:09 PM #3 Senior Member     Joined: Jan 2012 Posts: 745 Thanks: 7 I think it does.
 October 20th, 2014, 11:28 PM #4 Senior Member   Joined: Apr 2014 From: UK Posts: 965 Thanks: 342 There isn't enough information to begin answering this.
 October 22nd, 2014, 04:37 AM #5 Global Moderator   Joined: Dec 2006 Posts: 20,978 Thanks: 2229 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%).
October 22nd, 2014, 04:43 AM   #6
Math Team

Joined: Oct 2011

Posts: 14,597
Thanks: 1038

Quote:
 Originally Posted by Chikis I think it does.
Chikis, "thinking" only is not proper math;
show WHY, or quit thinking !

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