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
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