Question

a man sold a camera for rupees 1710 losing 5% at what price should he sell the camera in order to gain 5%

Answer 1

Let the cost price of the camera be x.

SP = x - 5% of x.

1710 = 0.5x

x = 3420.

So the cost price = 3420 rupees.

To Gain 5%. S.P = 3420 + 5% of 3420
                          
                           = 3592.

Answer 2

The selling price of the camera to gain 5% profit would be 3592 rupees.

The cost price (CP) of a camera is 3420 rupees, and the selling price (SP) is calculated to gain 5% profit. The profit percentage can be found using the formula:

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

Rearranging the formula to find the selling price:

SP = CP + CP * (Profit%)/100

In this case, to gain 5% profit:

SP = 3420 + 3420 * 5/100 = 3420 + 172 = 3592 rupees

It is important for a seller to determine the cost price and the selling price accurately to ensure they are making a profit while still offering a competitive price to buyers. By setting the selling price at 3592 rupees, the seller is able to make a profit of 5% on the cost price of 3420 rupees, making it a viable business strategy.

For more such questions on selling price: https://brainly.in/question/50790838

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