7. By selling a cycle for 660, a shopkeeper losses 12% of its cost. At what price should it be sold in order to gain 8%
Answers
Answered by
1
Answer:
120
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Answered by
3
Step-by-step explanation:
It is given that,
S.P of watch = 720 Rs
Loss = 10%
Therefore,
C.P =. 100.
100−losspercentage
×S.P.=
(100−10).
C.P of watch is Rs. 800.
It is given in the problem that, Profit expected = 15%
C.P =
100+profit percentage
100
×S.P.
=
100+15
100
×S.P.
⟹800=
115
100
×S.P.
⟹S.P.=
100
800×115
=
100
92000
=920
Thus, the selling price will be 920 to get a profit of 15%100
×720
=
90
100
×720
=
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