Question

A shopkeeper loses 5% by selling water bottle for Rs 55.10 at what price should it be sold in order to gain 8%

Answer 1

Answer:

Step-by-step explanation:

Answer 2

The selling price is Rs.62.64.

Step-by-step explanation:

Given : A shopkeeper loses 5% by selling water bottle for Rs 55.10.

To find : At what price should it be sold in order to gain 8% ?

Solution :

The selling price is Rs.55.10.

The loss percentage is 5%.

The cost price is given by,

$CP=\frac{100}{100-L\%}\times SP$

$CP=\frac{100}{100-5}\times 55.10$

$CP=\frac{100}{95}\times 55.10$

$CP=58$

The cost price is Rs.58.

The gain% is 8%.

The selling price is given by,

$SP=\frac{100+G\%}{100}\times CP$

$SP=\frac{100+8}{100}\times 58$

$SP=\frac{108}{100}\times 58$

$SP=62.64$

The selling price is Rs.62.64.

#Learn more

By selling an article at 270 a man loses 10%. How much would he gain if he selled it at 360?

https://brainly.in/question/24143