Math Problem Statement

a book is sold at 10% loss. If the book was bought at 20% less and sold at 44 more he would gain 40%. what was the cost price?

Solution

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Math Problem Analysis

Mathematical Concepts

Profit and Loss
Percentages
Algebra

Formulas

Selling Price = Cost Price - Loss
New Cost Price = Cost Price - Percentage Decrease
New Selling Price = New Cost Price + Percentage Gain
Equation: New Selling Price = Original Selling Price + Difference

Theorems

Basic Percentage Theorems

Suitable Grade Level

Grades 8-10