Question

Application Based Questions
7. Kiara buys a calculator for 720 and sells it at a
loss of 5%. How much does she sell it for? At wh
price should she sell it to make a profit of 6%?
OVERHEAD EXPENSES
Look at the following scenarios.
• Gautham bought a house for 25,00,000.
He incurred an additional expenditure of
35,00,000 to get the renovations done.
Ridhaan bought a fully-automatic washing machi
costing 40.000. He paid an extra amount​

Answer 1

Selling price = ₹684

At ₹763.2 she should sell it to make a profit of 6%.

Step-by-step explanation:

Profit

The financial gain is called as profit.

Loss

The financial loss is called as loss.

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Given

Kiara buys a calculator for ₹720

Sell the calculator in 5% loss

Selling Price = ?

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Selling price = {(100 - loss%)/100} × cost price

Selling price = {(100 - 5%)/100} × 720

Selling price = 95/100 × 720

Selling price = 0.95 × 720

Selling price = 684

Selling price = ₹684

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To make profit of 6%

Selling price = {(100 - loss%)/100} × cost price

Selling price = {(100 + profit%)/100} × cost price

Selling price = {(100 + 6%)/100} × 720

Selling price = 106 / 100 × 720

Selling price = 1.06 × 720

Selling price = 763.2

Selling price = ₹763.2

At ₹763.2 she should sell it to make a profit of 6%.