Question

a cycle is sold for 880 Rupees at a loss of 20% for how much should it be sold to gain 10%

Answer 1

Hello Mate!

Let assume CP to be Rs 100.

Then, loss in rupess = 20/100 × 100 = Rs 20

Since SP = CP - Loss

SP = Rs( 100 - 20 )

= Rs 80

When SP is Rs 80 then CP = Rs 100

When SP is Rs 1 then CP = Rs 100 / 120

When SP is Rs 880 then CP = Rs 100 / 80 × 880

= 100 / 8 × 88

= Rs 1100

Hence CP is Rs 1100.

In order to gain profit 10%,

Profit is Rs = 10 / 100 × 1100

= Rs 110

SP = CP + Profit

= Rs ( 1100 + 110 )

= Rs 1210

Hence SP should be Rs 1210 to gain 10% profit on CP.

Have great future ahead!