Question

A fruit seller sells mangoes at the rate of rs.9 per kg and thereby loses 20%. at what price per kg, he should have sold them to make a profit of 5%?

Answer 1

Answer:

Fruit seller should have sold at Rs.11.8/kg to make 5% profit.

Step-by-step explanation:

Given :

Selling Price = Rs.9/kg

Loss % = 20%

Formula required:

Cost Price = [ 100 %/ (100 - Loss %) ] * Selling Price

So,

C.P = [ 100 / (100-20)] * 9

= 100 * 9 / 80

Cost Price = Rs. 11.25 /kg

We know that

Selling Price = [(100 + Profit%) / 100 ] * Cost Price

= [(100 + 5 ) / 100 ] * 11.25

= 105 * 11.25 / 100

Selling Price = Rs. 11.8 / kg