A man makes profit of 15% by selling an article for Rs 250 .At what rate should he sell it to make a profit of 38%?
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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 × 5000/ 23
= 1900/ 23
required selling price to gain 38%
= cost price + required profit
= (5000/ 23) + (1900/ 23)
= 6900/ 23 = ₹300
Answer: required selling price = ₹300
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 × 5000/ 23
= 1900/ 23
required selling price to gain 38%
= cost price + required profit
= (5000/ 23) + (1900/ 23)
= 6900/ 23 = ₹300
Answer: required selling price = ₹300
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