Question

A person sold a stove at 423 and had loss of 6% at what price he had to sold to earn profit of 8%

Answer 1

Answer:

486 is the answer .

Step-by-step explanation:

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Answer 2

Given - Selling price and loss percentage

Find - Selling price according to profit percentage

Solution - Firstly calculating cost price.

Cost price = 100/(100 - loss%)*Selling price

Keep the values in formula

Cost price = 100/(100 - 6)*423

Performing subtraction

Cost price = 100*423/94

Performing multiplication

Cost price = 42300/94

Performing division

Cost price = Rupees 450

Now calculating selling price for given profit percentage.

Selling price = (100 + profit%)/100*Cost price

Keep the values in formula

Selling price = (100 + 8)/100*450

Performing addition

Selling price = 108*450/100

Performing multiplication and division

Selling price = Rupees 486

Hence, to earn profit of 8% the selling price should be Rupees 486.