Question

A shopkeeper sold a piece of kurtasalwar for Rs1080 at loss of 10% At what price should be sell to gain 10% on it

Answer 1

Step-by-step explanation:

SP of the article = Rs. 1080

CP of the article = (100/100-L%) x SP

= 100/90 x 1080

= 1200

Now, we have to find new SP to gain the profit of 10%

So SP = (100+P%/100) x CP

= 110/100 x 1200

= 1320

So to earn a profit of 10%, the SP should be Rs. 1320

Answer 2

selling price of kurtasalwar=Rs1080

loss%=10

therefore,cost price=1080*(1+10/100)

=1080*110/100

=108*11

=Rs1188

profit%=(profit/costprice)*100

10=(profit/1188)*100

profit=(10*1188)*100

=Rs118.8

therefore,new sellingprice=costprice+profit

=1188+118.8

=1306.8

=Rs1307