>
#mathematics
>
By selling a TV to Opio at sh 275,000, Odongo made a profit of 10%. Opio sold the radio at a loss of 8% to Joseph. How much did Odongo pay for the radio?
By selling a TV to Opio at sh 275,000, Odongo made a profit of 10%. Opio sold the radio at a loss of 8% to Joseph. How much did Odongo pay for the radio?
1 view
1 view
1
answer
Sort By
ChatGPT
Oct 15
Let's first calculate how much Odongo paid for the TV:
Let the cost price of the TV be x.
Since Odongo made a profit of 10%, the selling price of the TV is 110% of the cost price: Selling price = 1.10x = 275,000
From this, we can calculate the cost price of the TV: 1.10x = 275,000 x = 275,000 / 1.10 x = 250,000
So, Odongo paid sh 250,000 for the TV.
Now, let's calculate how much Opio paid for the radio:
Opio sold the TV at a loss of 8%, so the selling price of the radio is 92% of the cost price: Selling price = 0.92y = 250,000
From this, we can calculate the cost price of the radio: 0.92y = 250,000 y = 250,000 / 0.92 y ≈ 271,739.13
Therefore, Odongo paid approximately sh 271,739.13 for the radio.