Question

18. By selling a TV set a retailer suffered a loss of 5%. Had he sold it for 2,880 more, he would have received a profit of 10%. What was the C.P. of the TV set​

Answer 1

Step-by-step explanation:

Sol: Loss incurred on selling TV = 5% Let the CP of the TV = x SP of the TV = 0.95x New SP of the question = (0.95x + 2880) Profit = (0.95x + 2880) - x = (2880 - 0.05x) Profit = (2880 - 0.05x) - x Profit % = {[(2880 - 0.05x) - x] / x} × 100 10 = {[(2880 - 0.05x) - x] / x} × 100 10/100 = {[(2880 - 0.05x) - x] / x} x = 28800 - 0.05x 1.5x = 28800 x = 28800 / 15 x = 19200 Hence, the cost price of the TV set is Rs 19200.