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:

To find the cost price of the sofa, we need to do :

100% - 20% = 80%

80% = 13500

1% = 13500 ÷ 80

    = 168.75

100% = 168.75 X 100

         = 16875

The cost price of the sofa was 16875.

100% + 4% = 104%

104% = 168.75 X 104

         = 17550

It should be sold at a price of 17750 to make a profit of 4%.