ii. A machine is sold for 7,000/-. The gross loss is 20% of the cost. What are the cost and gross loss?

Given:

Selling price of a machine = 7000/-

Gross loss = 20%.

To find:

The cost and gross loss.

Solution:

Let x be the cost of machine.

According to the question,

Divide both sides by 0.8.

So, the cost of the machine is 8750/-.

Now,

Therefore, the gross loss is 1750/-.

rick has $1400 and sally has $1500

step-by-step explanation:

to find amount of money rick has after 10 years :

principal = $1000 , time = 10 years , rate = 4% annually

to find amount of money sally has after 10 years :

her friend gives to pay her $50 per year, therefore money she has after 10 years = 50 × 10 = $500

also, sally gets $1000 after 10 years,

therefore, total amount of money sally has after 10 years = 500 + 1000 = $1500

so, after 10 years : rick has $1400 and sally has $1500