A student sold his phone at 5312 ,loss incurred will be 3/7% to the profit incurred when phone is sold at 25902 .at what price he should sell his phone to get double profit which he was losing in starting
Answers
Given: A student sold his phone at 5312 ,loss incurred will be 3/7% to the profit incurred when phone is sold at 25902
To find : price he should sell his phone to get double profit which he was losing in starting
Solution:
Let say Cost Price of phone = C
Sold at 5312
Loss = C - 5312
Sold at 25902
Profit = 25902 - C
(3/7) % of (25902 - C ) = Loss
=> (3/700) (25902 - C ) = (C - 5312)
=> 77706 - 3C = 700C - 3718400
=> 703C = 3796106
=> C ≈ 5400
Loss in Starting = 5400 - 5312 = 88
Double Profit = 2 * 88 = 176
Selling Price = 5312 + 176 = 5488
He should sell phone at 5488
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