Question

A table was sold for rupees 2,142 at a gain of 5%.at what price should it be sold at gain of 10%.

Answer 1

Step-by-step explanation:

Let us suppose that the Cost Price of the table be 'x'.

Now the profit is the 5% of x=(x/100)×5

=x/20

Now the profit is x/20.

And we know Cost Price+ PROFIT=S.P.

so now putting values..

x+x/20 =2142

21x/20=2142

x=2142×20/21

x=102×20=2040

so now we have to find the selling price for which we get 10% profit.

so now again using the same formula

CP + PROFIT = SP ....... 1

so now 10% of CP will be (2040/100)×10

= 204

so putting value In eq 1 we get

2040+204= SP

Therefore,SP= ₹2244

Which is the required answer..