amanvermagmat wrote:
Marvin bought video games at a standard price of $40 per video game. If he sold all video games that he bought at same price of $X each, what percentage profit did he make in this transaction?
(1) Instead of $X, if he had sold each video game at a price of $X/2, with the same cost price of $40, he would have incurred a loss of 37.5% in this transaction.
(2) Instead of $X, if he had sold each video game at a price of $(2*X), with the same cost price of $40, he would have gained 150% in this
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