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smc

prealgebra senior

Problem

An article costing dollars is sold for xxS'S'C1\frac {1}{9}x$ is:
(A)
(B)
(C)
(D)
Solution
The magnitude of the loss after the first sale is , which equals % of the selling price, . Thus, , and so . The profit made after the second sale, , is % of the new selling price, and this quantity is represented by . Equating these two expressions, we see that , and so . Because we know that the difference between and is , we can solve the following equation: Because , , and so we choose answer .
Final answer
C