1952 AHSME Problems/Problem 14
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Problem
A house and store were sold for each. The house was sold at a loss of of the cost, and the store at a gain of of the cost. The entire transaction resulted in:
Solution
Denote the original price of the house and the store as and , respectively. It is given that , and that . Thus, , , and . This value is higher than the current price of the property, . Hence, the transaction resulted in a .
See also
1952 AHSC (Problems • Answer Key • Resources) | ||
Preceded by Problem 13 |
Followed by Problem 15 | |
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