Question

A pair of shoes which costs Rs 320 was sold at a loss of 5percent. What was the selling price if it were sold at a profit of 20percent if it were sold for Rs 360?

Answer 1

A) Sold price of shoes = 5/100*320 = 16
= 320 - 16
=304
B) Selling price of 360 with profit of 20%=20/100*360=72
=360+72
=432

Answer 2

The selling price of shoes if it were sold at a profit of 20 percent and were sold for Rs 360 will be 432

• Selling price of shoes at 5% loss ( loss to be subtracted) =

320 - (5/100)*320

= 320 - 16

=304

Selling price of 360 with profit of 20% (profit to be added )

=360 + (20/100)*360

= 360+72

= 432