Article is sold for 270 at a loss of 10%then,to make a profit of 15%at what price article should be sold ?
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The article should be sold for Rs. 345 to make a profit of 15%.
Given:
selling price of an article = 270
loss percentage = 10%
To Find:
the price at which the article should be sold to make a profit of 15%
Solution:
let the cost price of the article be x
⇒ 270 = (1 - 10/100)x
270 = 0.9x
x = 270/0.9
x = 300
now, we know that the cost price of the article is 300
let the selling price at 15% profit be y
⇒ y = (1 + 15/100) × 300
y = 1.15 × 300
y = 345
Thus, the article should be sold for Rs. 345 to make a profit of 15%.
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