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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