Question

8. By selling a sofa set for 13500, Aryan incurs a
loss of 20%. What was the cost price of the sofa
set? At what price should it be sold to make a
profit of 4%?​

Answer 1

Answer:

Step-by-step explanation:

Sp = 13500

Loss = 20 %

So, the value 13500 is 80% of CP

80% = 13500

100% = ?

= (100×13500)÷80

CP = 16875

For make profit of 4%, add 4% of CP with CP

= (4% of 16875) + (16875)

= 675 + 16875

= 17550

For getting 4% profit, he should sell the product at Rs. 17,550.