By a selling price a flower pot for Rs 322 ,a man gains 15% .At what price should he sell it to gain 20%
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Let the cost price of the flower pot be Rs "x".
Selling price = Rs 322.
Profit = Rs (322-x)
Profit % = (Profit * 100)/CP
or, [(322-x) * 100]/x
Acc to the question, [(322-x) * 100]/x = 15.
or, 32200 - 100x = 15x
or, 115x = 32200
or, x = 32200/115
or, x = 280.
Therefore, the cost price is Rs 280.
Now, let us assume that he sells it Rs "y" to make a profit of 20%.
Profit = Rs (y-280)
Profit % = [(y-280) * 100]/280 = 20
or, 100y - 28000 = 5600
or, 100y = 33600
or, y = Rs 336
∵He should sell it at Rs 336 to gain 20%. [Ans]
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