PROFIT AND LOSS K4

 

Jemson bought a radio at 50,000/= and after one year he sold it at a loss of 14%. Find the price of a radio after a year.

 

Solution

 

= 50,000 - (14% of 50,000)

= 50,000 - (0.14 of 50,000)  after dividing 14% by 100

= 50,000 - 7,000

= 43000/= 

 

Hence the new price is 43000/=    

 

TRY THIS………….

 

Patson bought a radio at 70,000/= and after one year he sold it at a loss of 24%. Find the price of a radio after a year.