a company reduced the price of an article by 5% by how much % a retailer must increases the new price so as to sell the article at the old price
Answers
After reduction: 0.95x
------
Solve:
k(0.95x) = x
0.95k = 1
k = 1/0.95 = 1.0526
-------
Ans: Increase price by 5.26%
=============================
Answer:
Retailer must increases the new price by 5.26 % so as to sell the article at the old price
Step-by-step explanation:
Given:
Percentage of price that company reduced of an article = 5%
To find: Percentage by which retailer increase the price of article to make it old price.
Let x be the old price of the article.
After reduction price of article = x - 5% of x
= x - 5/100 × x
= x - x/20
= 19x/20
According tot the Question,
Increased percentage =
Therefore, Retailer must increases the new price by 5.26 % so as to sell the article at the old price.