Question

By selling a CD for rs.225.25, Amresh loses 15%. At what price must he sell it to gain 7%.​

Answer 1

Answer:

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Step-by-step explanation:

20% gain

For the first situation,

Loss % =

C.P.

C.P.−S.P.

×100=25

=>C.P.−225=0.25C.P.

=>0.75C.P.=225

C.P.=Rs300

So, when S.P.=Rs360, there is a profit as S.P.>C.P

So, Profit % =

C.P.

S.P.−C.P.

×100=

300

360−300

×100=20