Question

A man sold his scooter for `8000 and lost 20%. For what amount he should have
sold it to gain 20%?

Answer 1

Step-by-step explanation:

follow the above steps

Answer 2

Answer:

12000

Step-by-step explanation:

Initial Sellling price = 8000

Loss = 20%

C.P. = $\frac{100*S.P.}{100-Loss}$

C.P. = $\frac{100*8000}{100-20}$

C.P. = $\frac{80000}{80}$

C.P. = 1000

Now, Final S.P. in order to get 20% profit

S.P. = $\frac{100+Profit}{100}C.P.}$

S.P. = $\frac{100+20}{100}*1000}$

S.P. = 12 × 1000

S.p. = 12000.