Maths question, Oundle School past paper
Posted: Sat Feb 15, 2014 2:22 pm
My son was given this question and I try to figure out but I have such a mental block!
Q) A property owner sold two terraced houses each at £99 000 each. Based on what he had paid for them, the profit on one was 10% and the loss on the other was 10%. Overall, did the property owner make a profit or loss? Calculate the amount of profit or loss.
from mark schemes, I know the answer is: A loss of £2,000 but I don't know how to calculate it.
Can you please help me.
Many thanks
Q) A property owner sold two terraced houses each at £99 000 each. Based on what he had paid for them, the profit on one was 10% and the loss on the other was 10%. Overall, did the property owner make a profit or loss? Calculate the amount of profit or loss.
from mark schemes, I know the answer is: A loss of £2,000 but I don't know how to calculate it.
Can you please help me.
Many thanks