Question

8. On selling an item for 24,560, a loss of 5% occurred. For how much should he sell it to gain 6%?​

Answer 1

Given :

• On selling an item for 24,560, a loss of 5% occurred.

To find :

• For how much should he sell it to gain 6%?

Solution :

SP = 24560

loss = 5%

So,

CP = 100/95 × 24560

CP = 1.05263 × 24560

CP = 25852.63

now CP Rs 25852.63

gain = 6%

SP = 106/100 × 25852.63

SP = 1.06 × 25852.63

SP = 27403.78

Extra information :

• Gain = SP - CP

• loss = CP - SP

• Gain % = gain x 100/CP

• Loss % = loss x 100/CP

• SP = (100 + gain %) x CP/100

• CP = (100 - loss%) x CP/100

• Discount % = Discount x 100/market price