Question

A man sell a radio set for $605 and gain 10 percent at waht price should be sell it in order to grain 16 percent? answer​

Answer 1

$\red{\textbf{Answer :-Rs 638}}$

Step-by-step explanation:

$\red{\textbf{Given :-}}$

$\blue{\texttt{selling price =605}}$

$\blue{\texttt{gain = 10}}$%

$profit = \LARGE \frac{S.P - C.P}{C.P} \small\times 100$

$= \LARGE \frac{605 - C.P}{C.P.} \small \times 100 = 10$

$\textsf{605−C.P.= 0.1C.P.}$

=> $\textsf{1.1C.P.=Rs605}$

−> $\textsf{C.P.= Rs550}$

$\textsf{Now, to gain 16}$%,

$profit = \LARGE \frac{s.p - 550}{550} \small\times 100 = 16$

$\textsf{S.P.−550=88}$

$\textsf{S.P.=Rs638}$

$\red{\texttt{More information:-}}$

• Cost price (C.P.): This is the price at which an article is purchased.

• Selling price (S.P.): This is the price at which an article is sold.

• Profit or Gain: If the selling price is more than the cost price, the difference between them is the profit incurred.
• Formula: Profit or Gain = S.P. – C.P.

• Loss: If the selling price is less than the cost price, the difference between them is the loss incurred.Formula: Loss = Cost price (C.P.) – Selling Price (S.P.)