Question

A gain of 12% is got by selling an article for Rs.3360. What should be the selling price, if the profit aimed is
only 8%? in details solved

Answer 1

Answer:

selling price=3360, gain=12%

cp=100/(100+gain%)*sp

=100/(100+12)*3360

=100/112*3360

=3000

now, cp=3000, desired gain=8%

sp=(100+gain%)/100*cp

=(100+8)/100*3000

=108/100*3000

=3240

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