Question

A businessman bought two bags of maize at the same price per bag. he discovered that one bag was of high quality and the other of low quality. On the high quality bag he made a profit by selling at $ 1,040. Whereas on the low quality bag he made a loss by selling at $880. If the profit was three times the loss, calculate the buying price per bag

Answer 1

p = 1040 - c
L = c - 880
but
p = 3 L

3 L = 1040 - c
so
3 (c-880) = 1040 - c

3 c - 2640 = 1040 - c

4 c = 3680

c = 920

Answer 2

Am not understanding how profit and loss are found

Answer 3

am not understanding how you came up with the solutions