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August 21, 2014

August 21, 2014

Posted by **Maggie** on Monday, June 23, 2008 at 4:16pm.

Andrei buys a painting and sells it to Boris

Andrei makes a 60% profit on the sale

Boris sells the painting to Clarissa

Clarissa pays 1.5times the price that andrei paid for the painting

Boris made a loss

What is his loss as a % of the ammount he paid

show your work

- Math -
**Rishi**, Monday, June 23, 2008 at 4:35pmSuppose A buys in $100

A sells it to B in 100 +(100 * 60/100) = $160

B sells it to C and pays 1.5 times the original price i.e. 100 * 1.5 = $150

Loss to B = 160-150 = $10

Loss percentage to B = (10/160)*100 = 6.25%

- Math -
**Maggie**, Monday, June 23, 2008 at 7:04pmThank you very much.

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