Question

A shopkeeper makes a profit of 20% on selling the first bag for Rs. 840. For how much should he sell the second bag whose cost price is Rs. 25 more than the cost price of the first bag to make the same profit percentage?

Answer 1

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Answer 2

Answer:

Rs 1038

Step-by-step explanation:

Cost Price of first bag = Rs 840

Profit = 20%

If second bag is Rs 25 more than the cost price of first bag

Then Cost Price of second bag = 840 + 25 = 865

So if we want to apply 20% profit on second bag.

Firstly we have to find 20 % of Cost price of second bag

• 20% of 865 = 20 × 865

100

= Rs 173 ( this is profit amount )

• Selling price = Cost price + profit

Now add this profit into Cost price

Therefore SP = 865 + 173

= Rs 1038