Question

6. a) it Aman incurs a loss of 20% by selling an article for Rs. 1000/- at what price should he
sell it to make a profit of 16%​

Answer 1

Given :

Aman incurs a loss of 20% by selling an article for Rs. 1000/-

To find :

what price should he sell it to make a profit of 16%

Solution :

First case:

SP= Rs 1000 and loss = 20%, i.e. r = 20.

Now, SP = (1 - r/100)cp or Rs 1000

= (1 - 20/100)cp

So, CP = 4/5 x Rs 1000

= Rs 1250.

Second case:

Profit = 16% of CP

= 16% of Rs 1250

= 16/100 x Rs1250

= Rs 200.

SP = CP + profit

= Rs 1250 + Rs 200

= Rs 1450.

=> Hence, he should sell the article for Rs 1450 for a profit of 16%.