Pb = Procurement price of a black jacket
Pr = Procurement price of a red jacket
25% = 25 / 100 = 0.25
Jack sold a black jacket for $150 and took 25% profit:
$ 150 = Pb + 25% Pb = Pb + 0.25 Pb = 1.25 Pb
$ 150 = 1.25 Pb
Pb = $ 150 / 1.25 = $ 120
Jack sold a red jacket for $150 and took a 25% lost:
$ 150 = Pr - 25% Pr = Pr - 0.25 = 0.75 Pr
$ 150 = 0.75 Pr
Pr = $ 150 / 0.75 = $ 200
Procurement price of a black jacket and procurement price of a red jacket:
Pb + Pr = $120 + $ 200 = $ 320
His profit:
$ 150 + $ 150 = $ 300
$ 300 - $ 320 = - $ 20
He lost $ 20
Answer A
Jack sold a black jacket for $150 and took 25% profit. At the same time Jack sold a red jacket for $150 and took a 25% lost.
A. He lost $20
B. He lost $25
C. He lost $30
D. He gained $20
E. He gained $30
1 answer