Question

16. If a loss of 2% is incurred when an article is sold at 588, at what price must it be sold to earn a profit of 5%?​

Answer 1

lose of 2%=588×2/100

=11.76

lose=588-11.76

=576.24

profite of 5%=5/100×576.24

=28.812

profit=576.24+28.812

=605.052

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Answer 2

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