Question

An article was sold for rs2550 with a loss of 15%.Find cost of article

Answer 1

the cost of article is 3000.

Answer 2

Answer:

Rs 2550 made you a 15% loss, which means you lost Rs 382.5

Selling price should be 2550 + 382.5 = 2932.5 for you to break even.

To make a profit of 12%, you need to calculate 12% of the break even selling price of 2932.5.

Add that to 2932.5, this would give you Rs 3284.4

Therefore to make a profit of 12% on the article, it should be sold at Rs 3284.4

Step-by-step explanation: