Question

B. Solve the following:
1. Find the cost price of an article, which is sold for 6,050 at a loss of 12%. Also, find the new selling
price of the article which must give a profit of 7%.
Please give answer to this ASAP

Answer 1

Step-by-step explanation:

loss of 12% means if C. P is Rs100 Loss is Rs12

100-12=88

S. P=88 X 6050 /100=5324

S. P=5324

profit is 7% means C. P is 100 profit is Rs7

100+7=107

S. P= 107 X 6050 /100= 6473.5

S. P=6473.5