Question

Aditya and manav purchased one scooter each for the same price. aditya sold it for rupees 18400 and lost 8% At what price should manav sell it to have a profit of 6%

Answer 1

price of scooter= CP
CP =[100 / (100 – Loss %)] * SP
=(100/92)*18400
= 20,000
Required Profit % = 6%
Therefore, 6 = (profit/CP) *100
Profit = (6*20000)/100
=1200
Then SP for Manav = CP+Profit
=21200

Answer 2

Answer:

Manav sell it at Rs.21200.

Step-by-step explanation:

Given : Aditya and manav purchased one scooter each for the same price. aditya sold it for rupees 18400 and lost 8%.

To find : At what price should Manav sell it to have a profit of 6% ?

Solution :

Aditya,

The selling price is SP=Rs.18400

Loss percentage is L%=8%

The cost price is given by,

$CP=\frac{SP}{100-L\%} \times 100$

$CP=\frac{18400}{100-8} \times 100$

$CP=\frac{18400}{92} \times 100$

$CP=20000$

The cost price is Rs.20,000.

Manav sold it at 6%.

The profit formula is

$P=\frac{P\%\times CP}{100}$

$P=\frac{6\times 20000}{100}$

$P=1200$

The selling price at which Manav sold it

$SP=20000+1200=21200$

Therefore, Manav sell it at Rs.21200.