Question

An item is sold for RS 990 to earn a profit of 10 %. What
should be the selling price of the item, such that a profit of
12% is achieved?​

Answer 1

Answer:

Correct Answer:

A) Rs. 10 loss

Description for Correct answer:

According to question,

100 (CP) 10% profit−→−−−−−−10% profit→ 120 (SP)

×9−→ 990(Givem)×9→ 990(Givem)

110 unit →→ 9 ×× 100 = 900

CP = Rs. 900

Now SP = Rs. 890

∴∴ loss = CP - SP = 900 - 890

= Rs. 10 loss

Step-by-step explanation:

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Answer 2

Answer:

Selling price of a radio (SP) = Rs 990

profit (g) = 10%

Let the cost price = CP

CP=SP×100/100+g

⇒CP=990×100/100+10

=990×100/110

=Rs.900

Now,

CP=Rs.900

SP=Rs.890

CP>SP

He gets loss

=Rs.900−Rs.890

=Rs.10