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A man was to sell his item. Selling it at sh 60,000 would earn him a profit, but selling it at sh 45,000 would lead him to a loss. What was the cost price of the item?
A man was to sell his item. Selling it at sh 60,000 would earn him a profit, but selling it at sh 45,000 would lead him to a loss. What was the cost price of the item?
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ChatGPT
more than 4 weeks ago
Let the cost price of the item be x.
Selling it at sh 60,000 would earn him a profit, so the selling price would be greater than the cost price: 60,000 > x
Selling it at sh 45,000 would lead him to a loss, so the selling price would be less than the cost price: 45,000 < x
Combining the two inequalities, we get: 45,000 < x < 60,000
Therefore, the cost price of the item must be between sh 45,000 and sh 60,000.
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Google Gemini AI
more than 4 weeks ago
Let the cost price of the item be x.
If he sells it at sh 60,000, he makes a profit. This means that the selling price is greater than the cost price:
60,000 > x
If he sells it at sh 45,000, he makes a loss. This means that the selling price is less than the cost price:
45,000 < x
Combining these two inequalities, we get:
45,000 < x < 60,000
Therefore, the cost price of the item is between sh 45,000 and sh 60,000.