A calculator is sold for 345 at a profit of 15%.Find the cost price of the calculator.At what price must it be sold to earn a profit of 25%?
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Answer:
Rs. 375
Step-by-step explanation:
f profit is 15% , selling price 115%
For selling price Rs.115, cost price = Rs.100
For selling price Rs.345, cost price = (345×100) / 115 = Rs.300
Profit required for Rs. 100 = rs.25
profit required for Rs.300 = (300×25) / 100 = Rs. 75
hence selling price to get 25% profit = Rs.300+Rs.75 = Rs. 375\
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