Question

A man makes a profit of 15% by selling an article for rupees 250 at what rate should he sell it to make a profit of 38%​

Answer 1

Answer:

original selling price = 250

-> profit= 15%

→ let the cost price of article be * x

→ x + 15% of x = 250

→1.15x = 250 => 115x 100 = 250

→ 115x = 25000 => x = 25000 + 115

→ x = 5000/ 23

→ cost price of article = 5000/ 23

required profit = 38%

= 38% of 5000/ 23= 0.38 x 5000/ 23

= 1900/23

→ required selling price to gain 38%

= cost price + required profit

= (5000/ 23) + (1900/23)

=

= 6900/ 23 = 300

Required selling price = 300