Question

an article is sold forRs 1850at a loss of 7.5%find its cost price what should be the SP if the shopkeeper wishes to make profit of 12.5%. give the answer in step
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Answer 1

Step-by-step explanation:

selling price=Rs 1850

loss=7.5%

cost price=?

what should be the SP if the shopkeeper wishes to make profit of 12.5%=?

Selling price=(100+Gain%)/100×Cost

price

1850=(100+7.5)/100×Cost price

1850=107.5/100×Cost price

Cost price=1850×100/107.5

Cost price=185000/107.5

Cost price=Rs 1721

Profit %=Profit × 100/cost price

12.5= Profit ×100/1721

Profit=12.5 × 1721/100

Profit= 21512.5/100

Profit=Rs 215

Selling price when shopkeeper make profit 12.5%= 1721+215=Rs 1936