A table was sold for 2142 at a gain of 20percent . At what price should it be sold to get gain of 40 percent
Answers
Answered by
0
SP = 2142
Gain % = 20%
Therefore SP = CP + (CP/100 x Gain %)
Therefore 2142 = CP + (CP/100 x 20)
Therefore 2142 = CP + CP/5
Therefore 2142 = 6CP/5
Therefore 6CP = 2142 x 5
Therefore 6CP = 10710
Therefore CP = 1785
---------------------------------------------------------------------------------------------------------------------------
AT 40% GAIN:-
SP = CP + (CP/100 x Gain %)
SP = 1785 + (1785/100 x 40)
SP = 1785 + 714
SP = 2502
IT MUST BE SOLD AT 2502 UNITS FOR 40 PERCENT GAIN
Similar questions