Question

2. By selling a bicycle for 1549.68, Rashi loses 12%. At what price should he sell it to make a profit of 500 ? explain it.
​

Answer 1

Answer:

₹2261

Step-by-step explanation:

SP = ₹1549.68

loss % = 12%

⇒ loss = 12 ÷ 100 × CP

⇒ loss = 3/25 × CP

SP = CP - loss

⇒ ₹1549.68 = CP - 3CP/25

⇒ CP (1 - 3/25) = ₹1549.68

⇒ CP (22/25) = ₹1549.68

⇒ CP = ₹1549.68 × 25 ÷ 22 = ₹1761

required profit = ₹500

SP = CP + profit

⇒ SP = ₹1761 + ₹500 = ₹2261