Question

A man sold a cycle for 880 and losses 12%. What should be the sp if profit is 20%on the sp

Answer 1

Step-by-step explanation:

S.P OF A CYCLE = ₹880

LOSS % = 12 %

THEN, C.P = 100/(100 - 12) × 880

= ₹ 100/88 × 880

= ₹ 100 × 10

= ₹ 1000

NOW IF THE C.P = ₹1000

THEN, PROFIT % = 20 %

THUS S.P = ₹ (100 + 20)/100 × 1000

= ₹ 120 × 10

= ₹ 1200

ANSWER :He must sold the cycle for ₹ 1200 to gain a profit of 20%....

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