A watch when sold for ₹ 448 gives a profit of 12%. What should be the selling price if the profit is 28%?
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Sp=rs448
Profit=12%
So,cp=100/(100+12)*448
=Rs400
Then,
Cp=Rs400
Profit=28%
So, sp=(100+28)/100*400
=Rs512
I have used formula for taking out selling price and cost price.
Profit=12%
So,cp=100/(100+12)*448
=Rs400
Then,
Cp=Rs400
Profit=28%
So, sp=(100+28)/100*400
=Rs512
I have used formula for taking out selling price and cost price.
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