Question

A jacket is sold for rs. 1540 at the loss of 12%what is the cost price? At what price should it be sold to make the profit of 5 %

Answer 1

Step-by-step explanation:

SP = 1540

Loss% = 12%

SP = (100-Loss%) * CP/100

1540 * 100 = 88 * CP

1750 = CP

Given Profit% = 5%

Profit = 5/100 * 1750

= 87.5

In order to get Profit of 5% Selling price should be

SP = Profit + CP

= 87.5 + 1750

= 1837.5