Question

A table was sold for 2.142 at a gain of 5%. At what price should it be sold to gain 10%.
​

Answer 1

At ₹2244 should it be sold to gain 10%

Step-by-step explanation:

QUESTION

A table was sold for 2142 at a gain of 5%. At what price should it be sold to gain 10%.

___________________________

GIVEN

Selling Price = 2142

Profit Percent = 5%

___________________________

TO FIND

At what price should it be sold to gain 10%

___________________________

We know that,

Cost Price = ( Selling Price × 100 ) / ( 100 + Profit Percent )

Cost Price = ( 2142 × 100 ) / ( 100 + 5 )

Cost Price = 214200 / 105

Cost Price = 2040

Cost Price = ₹2040

___________________________

We know that,

Profit = Selling Price - Cost Price

Profit = 2142 - 2040

Profit = 102

Profit = ₹102

___________________________

We know that,

Selling Price = ( 100 + Profit Percent ) × Cost Price / 100

Selling Price = ( 100 + 10% ) × 2040 / 100

Selling Price = 110 × 2040 / 100

Selling Price = 224,400

Selling Price = 2244

Selling Price = ₹2244

At ₹2244 should it be sold to gain 10%