Let's assume that the buying price per bag is x.
Profit = Selling Price - Buying Price
Loss = Buying Price - Selling Price
According to the given information:
Profit = 3 * Loss
1040 - x = 3(x - 880)
1040 - x = 3x - 2640
4x = 2640 + 1040
4x = 3680
x = 3680/4
x = 920
Therefore, the buying price per bag is sh 920.
A business woman bought two bags maize of the same price per bag.she discovered that one bag was of high quality and other of low quality.On the high quality made a profit by selling at sh 1040, whereas on the low quality bag made loss by selling at sh 880.If the profit was three times the loss, calculate the buying price per bag
1 answer