A loss of 10% is made by selling an article. Had it
been sold for Rs 75 more, there would have been a
profit of 5%. What would be the selling price of the
article if it is sold at 15% profit?
Answers
Given : A loss of 10% is made by selling an article. Had it been sold for Rs 75 more, there would have been a profit of 5%.
To Find : selling price of the article if it is sold at 15% profit
Solution:
Let say Cost Price = 100C Rs
10 % Loss = (10/100)100C = Rs 10C
Selling Price = 100C - 10C = 90C Rs
sold for Rs 75 more,
=> Selling Price = 90C + 75 Rs
Profit = 5 % = (50/100)100C = 5C Rs
Selling Price = 100C + 5C = 105C Rs
=> 105C = 90C + 75
=> 15C = 75
=> C = 5
=> 100C = 500 Rs
15 % Profit = (15/100) 500 = Rs 75
Selling Price at 15 % Profit = 500 + 75 = Rs 575
selling price of the article is Rs 575 if it is sold at 15% profit
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