Question

By selling a bedsheet for Rs.122.2, Madhav suffers a loss of 6%. At what price should he sell it to gain 5%?

Answer 1

Step-by-step explanation:

S.P=Rs.122.2

Loss%=6%

C.P=100/100-gain%×S.P

=100/100-6×122.2

=100/94×122.2

=Rs.130

Now,

C.P=Rs.139

Price at which he will sell it to gain

5%=100+gain%/100×C.P

=100+5/100×130

=105/100×130

=136.5