Question

17. An article is sold for R 1850 at a loss of 7.5%. Find its cost price. What should be the S.P, if the shopkeeper wishes to make a profit of 12.5%?​

Answer 1

Answer:

Step-by-step explanation:

selling price=Rs 1850

loss=7.5%

cost price=?

what should be the SP if the shopkeeper wishes to make profit of 12.5%=?

Selling price=(100+Gain%)/100×Cost

price

1850=(100+7.5)/100×Cost price

1850=107.5/100×Cost price

Cost price=1850×100/107.5

Cost price=185000/107.5

Cost price=Rs 1721

Profit %=Profit × 100/cost price

12.5= Profit ×100/1721

Profit=12.5 × 1721/100

Profit= 21512.5/100

Profit=Rs 215

Selling price when shopkeeper make profit 12.5%= 1721+215=Rs 1936

Answer 2

Answer:

rs. 2250 is answer

Step-by-step explanation:

Given, S.P. = Rs. 1850, Loss =7.5%

∴ C.P. =  [1850*100]/[100-7.5] = 2000

Now, C.P. = Rs. 2000, Profit =12.5%

∴ S.P. = 2000 +[2000*12.5]/100 = 2250

Therefore, the selling price is Rs. 2250
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