By selling a bicycle for RS 819 , Vinay loses 9 %. At what price should he sell it to make a profit of 5 %
Answers
Given
- By selling a bicycle for RS 819 , Vinay loses 9 %. At what price should he sell it to make a profit of 5 %
To find
- The cost price
- The selling price at P 5%
Solution
SP → 819
Loss percent → 9%
★ Formula used
- CP → SP × 100 / 100 - loss %
- SP → CP × 100 + profit % / 100
Now , let's solve the sum
⇒ 819 × 100 / 100 - 9 %
⇒ 819 × 100 / 91
⇒ 9 × 100
⇒ 900 rs .
Here we got , CP → 900 rs
As we know ,
★ SP → CP × 100 + profit % / 100
⇒ 900 × 100 + 5 % / 100
⇒ 900 × 105 / 100
⇒ 9 × 105
⇒ 945 rs .
This is the price he should sell it to make a profit of 5 % .
By selling a bicycle for RS 819 , Vinay loses 9 %. At what price should he sell it to make a profit of 5 %.
➹ Selling price = 819 Rs.
➹ Lose percent = 9 %
✦ Price at which he sell and get profit of 8 percent .
By using formula :-
➹ CP → SP × 100 / 100 - loss %
Substituting the values in the required formula :-
↠819 × 100 / 100 - 9 %
↠ 819 × 100 / 91
↠9 × 100
Now , we find selling price
➹SP → CP × 100 + profit % / 100
On putting the given values in the formula, we get
As according to the given :-
↠ 900 × 100 + 5 % / 100
↠ 900 × 105 / 100
↠ 9 × 105
Hence ,