Question

A person sold a stove for Rs. 423 and incurred a loss of 6%. At what price would it be sold so as to earn a profit of 8%?

Answer 1

Answer:

A person sold a stove for Rs 423 and incurred a loss of 6 percent. At what price would it be sold so as to earn a profit of 8 percent?

Statement of the given problem,

A person sold a stove for Rs 423 and incurred a loss of 6 percent. At what price would it be sold so as to earn a profit of 8 percent?

Let C & S denote the cost-price & sell-price of the stove.

Hence from above data we get as follows,

423 = (1 - 6/100)*C

or 0.94*C = 423 or C = 423/0.94 = 450 (Rs)

S = (1 + 8/100)*450 = 1.08*450 = 486 (Rs) [Ans]