Question

a shopkeeper sold an article for rs 1260 at a loss of 10%. At what price should it be sold to earn a profit 10%?​

Answer 1

$<marqee> Raistar$

Marquee

Answer 2

Step-by-step explanation:

A shopkeeper sold a piece of article for Rs. 1,080 at a loss of 10%. At what price should he sell to gain 10%?

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Norman Allen

Answered 3 years ago

If the shopkeeper lost 10% selling at 1,080, his cost (divide by .9) was 1,200.

To realize a 10% profit, divide the product cost of 1,200 by .9 which equals a sale price of 1,333.33

10% profit on a sale of 1,333.33 (1,333.33 x .9), cost = 1,200

The figures for a sale price of 1,320 given in other answers reflect a 10% profit based on the cost of the product. This is a common mistake. The figure 1,333.33 reflects a profit of 10% made on the selling price of the product.

20% profit divide by .8

30% profit divide by .7

33.33% profit divide by .6667 , or multiply by 1.5

36% profit divide by .64

40% profit divide by .6

50% profit divide by .5 , or multiply by 2

In other words, or numbers, it’s easy to divide your cost by your desired profit margin. If your desired profit margin happens to be 23.48% subtract 23.48 from 100 = 76.52 move the decimal to the left = .7652 then divide your product cost by .7652