Bobby bought two shares of stock, which he sold for $96 each. If he had a profit of 20 percent on the sale of one of the shares but a loss of 20 percent on the sale of the other share, then on the sale of both shares combined Bobby had:____________ a) a profit of $10
b) a profit of $8
c) a loss of $8
d) a loss of $10
e) neither a profit nor a loss

Answers

Answer 1

Answer:

Answer:

The correct option is c) a loss of $8.

Step-by-step explanation:

Consider the provided information.

If the selling price of two item is same and one item sold at a profit of x % and other at a loss of x % in that case total sale result loss:

To calculate the loss use the formula: $Loss\ \%=((x)/(10))^2\ \%$

It is given that he had a profit of 20 percent on the sale of one of the shares but a loss of 20 percent on the sale of the other share, where the selling price is $96 each.

That means the total sale result will be a loss.

Now use the above formula by substitute x=20.

$Loss\ \%=((20)/(10))^2\ \%\n\nLoss\ \%=4\ \%$

It is given that the sales price is $96 of each that means total sales price is:

$96+$96=$192

Let the cost price of the shares were x.

According to question: x-4% of x = 192

$x-(4)/(100)* x = 192\n\nx-0.04x = 192\n\n0.96x = 192\nx = 200$

Hence, the cost price of the shares was 200.

Loss = Cost price -Sales price

Loss = $200 - $192

Loss = $8

Hence, the correct option is c) a loss of $8.

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Answers

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Answers

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The value of the equation is A = 9/49

What is an Equation?

Equations are mathematical statements with two algebraic expressions flanking the equals (=) sign on either side.

It demonstrates the equality of the relationship between the expressions printed on the left and right sides.

Coefficients, variables, operators, constants, terms, expressions, and the equal to sign are some of the components of an equation. The "=" sign and terms on both sides must always be present when writing an equation.

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To learn more about equations click :

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Answer:9/49

Step-by-step explanation: 3x3=9 7x7=49 so you get 9/49

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Step-by-step explanation:

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