A shopkeeper made a loss of 30%by selling two paires of shoes at 700.what profit would he have made had he solid it at sh.1150 ?show calculation..

the cost was 700/0.70 = 1000

1150/1000 = 1.15 so he'd have made 15%

To calculate the profit, we need to first find the cost price of the shoes. From the given information, we know that the shopkeeper made a loss of 30% by selling two pairs of shoes for 700 shillings.

Step 1: Find the cost price of the two pairs of shoes.
Since the shopkeeper made a loss of 30%, it means that the selling price is 70% of the cost price.
Let's assume the cost price of the two pairs of shoes is "x" shillings.
So, 70% of x gives us 700 shillings.
Therefore, (70/100) * x = 700.

Step 2: Calculate the cost price.
Multiply both sides of the equation by (100/70) to isolate x:
x = 700 * (100/70)
x = 1000 shillings
Hence, the cost price of the two pairs of shoes is 1000 shillings.

Now that we know the cost price, we can calculate the profit if the shoes were sold for 1150 shillings.

Step 3: Calculate the profit.
Profit = Selling Price - Cost Price
Profit = 1150 - 1000
Profit = 150 shillings

Therefore, if the shopkeeper sold the two pairs of shoes for 1150 shillings, he would have made a profit of 150 shillings.